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The Guardian - UK
The Guardian - UK
Politics
Heather Stewart Economics editor

Lifetime of earnings not enough for UK workers to join wealthiest 10%, report says

Elderly woman standing in front of the shop window of a Ferrari dealer
The gap between the wealth of the average person and someone in the top 10% was £1m in 2006-08 but had widened to £1.3m in real terms by 2020-22. Photograph: imageBroker/Rex/Rex

It would take the average earner in the UK 52 years’ worth of earnings to become as wealthy as the richest 10%, according to new research by the Resolution Foundation.

In a new report, the influential thinktank analyses the Office for National Statistics’ latest wealth and assets survey, which covers the Covid pandemic period of 2020-22.

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