Sunday, May 25, 2014

Wealth in Great Britain Wave 3, 2010-2012

The ONS recently released the third round of their "Wealth in Great Britain" survey. There is a lot of interesting information in this survey including the headline results below. The ONS have also included subjective well-being questions in this survey which will be of interest to researchers. There is still a lot to be learned about how precisely to ask these types of questions to respondents and more experimentation on the sensitivity of wealth estimates to question-wording would be a good development.

"In 2010/12, aggregate total wealth of all private households in Great Britain was £9.5 trillion. 
The wealthiest 10% of households owned 44% of total aggregate household wealth. 
Half of all households had total wealth of £218,400 or more."

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