According to a recent survey from the Office for National Statistics (ONS), the top 10% of households in the UK are now 850 times wealthier than the bottom 10%. A staggering figure!
But the biggest gap between the rich and the poor is not in property but in pensions. The ONS found that while the top 10% had built up pension savings with an average of £742,000 while the bottom 50% of households had just £4,000 in pension savings.
Strangely, one of the major signifiers of wealth is the car’s number plate. The ONS found that while just one in 40 cars owned by the bottom half of households had a personalised number plate, among the rich it is one in seven.
Hopefully from these statistics we can work out how to stop the divide between rich and poor and not just to highlight that rich people have a personalised number plate.
We look forward to seeing more figures from the ONS but in the meantime let us know what you think?