Transcript Empty_Buckets_Wealth_Distribution.pptx

The Distribution of Wealth
Name:
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?
The Distribution of Income
Name:
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?
UK Wealth Data for 2010
Total Wealth Distribution in the UK
Data is for 2010
£ Million
Great Britain
Total Wealth
Decile
Total wealth
per Quintile
% Share of each quintile
Poorest 10%
7,592
2nd
62,402
69,994
0.7
3rd
165,349
321,569
486,918
4.7
4th
490,333
5th
6th
682,564
1,172,897
11.4
7th
925,369
8th
1,275,776
2,201,145
21.3
1,898,628
9th
4,499,931
6,398,559
61.9
Richest 10%
10,329,513
Total Wealth £m
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