the distribution of wealth
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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 PresentationTRANSCRIPT
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:
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:
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
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