the distribution of wealth

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Poore st 20% Secon d 20% Third 20% Fourt h 20% Riche st 20% The Distribution of Wealth Imagine that the total population of a country is divided into five empty buckets with 20% of the population in each – they are allocated according to their wealth How much wealth (as a %) do you think is concentrated in each of those buckets? Name:

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Name:. The Distribution of Wealth. Imagine that the total population of a country is divided into five empty buckets with 20% of the population in each – they are allocated according to their wealth How much wealth (as a %) do you think is concentrated in each of those buckets?. Poorest 20%. - PowerPoint PPT Presentation

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Page 1: The Distribution of Wealth

Poorest 20%

Second 20%

Third 20%

Fourth 20%

Richest 20%

The Distribution of Wealth

Imagine that the total population of a country is divided into five empty buckets with 20% of the population in each – they are allocated according to their wealth

How much wealth (as a %) do you think is concentrated in each of those buckets?

Name:

Page 2: The Distribution of Wealth

Poorest 20%

Second 20%

Third 20%

Fourth 20%

Richest 20%

The Distribution of Income

Imagine that the total population of a country is divided into five empty buckets with 20% of the population in each – they are allocated according to their income

How much income (as a %) do you think is concentrated in each of those buckets?

Name:

Page 3: The Distribution of Wealth

UK Wealth Data for 2010Total Wealth Distribution in the UKData is for 2010Great Britain £ Million

Decile Total wealth Total Wealth per Quintile % Share of each quintile

Poorest 10% 7,5922nd 62,402 69,994 0.73rd 165,3494th 321,569 486,918 4.75th 490,3336th 682,564 1,172,897 11.47th 925,3698th 1,275,776 2,201,145 21.39th 1,898,628

Richest 10% 4,499,931 6,398,559 61.9Total Wealth £m 10,329,513

Source: Wealth and Assets Survey, Office for National Statistics

Page 4: The Distribution of Wealth

Background on wealth in the UK

• In 2008/10, aggregate total wealth (including private pension wealth but excluding state pension wealth) of all private households in Great Britain was £10.3 trillion

• The wealthiest 10 per cent of households were 4.3 times wealthier than the bottom 50 per cent of households combined

• The wealthiest 20 per cent of households owned 62 per cent of total aggregate household wealth

• Private pension wealth makes the largest contribution to total wealth for the wealthiest 30 per cent of households