4 ms·
When I consider how well I'm doing (or not) I drily consider my net worth as one would on a balance sheet. But I don't think this is quite what the average memb
by nickdothutton 4y ago
When I consider how well I'm doing (or not) I drily consider my net worth as one would on a balance sheet. But I don't think this is quite what the average member of the public thinks when they think about wealth and prosperity. By which I mean the visible portion of wealth (not net wealth). I think there is a perception in the UK that we are a far more wealthy country than we really are, both in terms of visible wealth among individuals and the finances of the country. I think many would be surprised at the median level of true wealth (net wealth) in the UK. Interesting figures here:
https://www.nimblefins.co.uk/savings-accounts/average-household-savings-uk#medianwealthbyage https://www.nimblefins.co.uk/savings-accounts/average-househ...
Edited for typo.
- simonh 4y agoSo the median wealth going into retirement in the UK, that is the wealth for someone bang slap in the middle where half of households are more wealthy than them and half are less wealthy, is about £600,000 pounds. That's actually a lot higher than I was expecting. I would have guessed it would be well under half a mill.