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With the home ownership rate in the UK at 63.5%. Combined with only 19% of the population (never mind more stock value than their primary residence value) owni
by Fordec 8y ago
With the home ownership rate in the UK at 63.5%.
Combined with only 19% of the population (never mind more stock value than their primary residence value) owning any stock, stock ownership among the general population there is not like the US.
That basically means some majority of people there at least are using real estate as their primary store of wealth.