Strip out equity from property and I bet its a very different picture for the UK.
What’s Scotland’s figure?
500 individuals (1/3 Scottish, 2/3 non Scottish – mainly English, Arabs, Russians, and other) own 83% of Scotland or something like that.
Looks like people mixing up Switzerland and Sweden is getting results!
Don’t believe the UK figure. Probably doesn’t take account of all the off-shore tax havens that the wealthy like to use to store their money.
The UK is 9th in the world for median wealth per a capita (and 6th for mean). Meanwhile our average wage is 20th+
Property prices, as well as a greater prevelance of investing, means that middle earners in the UK often have greater assets than those earning higher salaries, such as in some Scandinavian countries or Germany.
In Germany for instance renting is far more common, house ownership isn’t necessarily the common aspiration that it is in the UK and the average person is far more risk adverse when it comes to investing. Often just leaving excess cash in a regular bank account or buying nice cars.
This doesn’t really mean all that much in practice, as pension pots ,houses and rainy day savings have minimal impact on daily life, but it does help explain that map.
7 comments
That’s pretty bad though.
Now do 10% so I can be *really* depressed.
Non-domiciled though
Strip out equity from property and I bet its a very different picture for the UK.
What’s Scotland’s figure?
500 individuals (1/3 Scottish, 2/3 non Scottish – mainly English, Arabs, Russians, and other) own 83% of Scotland or something like that.
Looks like people mixing up Switzerland and Sweden is getting results!
Don’t believe the UK figure. Probably doesn’t take account of all the off-shore tax havens that the wealthy like to use to store their money.
The UK is 9th in the world for median wealth per a capita (and 6th for mean). Meanwhile our average wage is 20th+
Property prices, as well as a greater prevelance of investing, means that middle earners in the UK often have greater assets than those earning higher salaries, such as in some Scandinavian countries or Germany.
In Germany for instance renting is far more common, house ownership isn’t necessarily the common aspiration that it is in the UK and the average person is far more risk adverse when it comes to investing. Often just leaving excess cash in a regular bank account or buying nice cars.
This doesn’t really mean all that much in practice, as pension pots ,houses and rainy day savings have minimal impact on daily life, but it does help explain that map.