This chart from the Office of National Statistics tells it all.
Between 2012 and 2014, the UK’s richest 10% gained an increased share of the nation’s wealth:
- The richest 10% now own 45% of all wealth in the UK, up from 44% in 2012.
- The least wealthy 50% of people actually gained a point. But they still own only 10% of all wealth between them, up from 9%.
- And the middle 40% lost out: They now own 46% of all wealth, down from 47%.
The key thing here is that those little green slices in the chart above represent half the entire population. And those massive blue blocks represent only 10% of people. The chart really drives home how unequally wealth is spread in society.
This chart shows the same data in a different way:
And here’s the curve, so you can see roughly where your wealth ranks:
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