|The over 50s holds 69.7 per cent of all household wealth
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|Author:||admin [ Mon Feb 01, 2016 8:00 am ]|
|Post subject:||The over 50s holds 69.7 per cent of all household wealth|
According to a new report from Saga Investment Services, the over 50s holds 69.7 per cent of all household wealth in the UK. This is equivalent to £6.2 trillion, and makes the money management of the over 50s critical to the economy as a whole.
The report, called ‘Savings and the over 50s’ shows that the share of financial, pension, property and physical wealth owned by the over 50s has increased consistently over the past five years. This age group now controls more than half of the assets held by UK households. Read more
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