In the 2022/23 financial year, various measures of inequality in the United Kingdom decreased when compared with 2021/22. The S80/20 ratio fell from *** to ***, the P90/10 ratio from *** to ***, and the Palma ratio between *** and ***.
This statistic presents the wealth distribution among households in the United Kingdom (UK) in 2018. Approximately 44.6 percent adults in the United Kingdom found themselves in the bracket of between 100 thousand and one million U.S. dollars as their household private wealth.
The overall wealth of households in the United Kingdom was **** trillion British pounds in the period between 2020 and 2022. Of this overall wealth, the top ten percent of households had over *** trillion pounds of wealth, compared with **** billion owned by the lowest wealth decile.
At the turn of the twentieth century, the wealthiest one percent of people in the United Kingdom controlled 71 percent of net personal wealth, while the top ten percent controlled 93 percent. The share of wealth controlled by the rich in the United Kingdom fell throughout the twentieth century, and by 1990 the richest one percent controlled 16 percent of wealth, and the richest ten percent just over half of it.
Official statistics are produced impartially and free from political influence.
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Total wealth is the sum of the four components of wealth and is therefore net of all liabilities.
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75% of households from the Bangladeshi ethnic group were in the 2 lowest income quintiles (after housing costs were deducted) between April 2021 and March 2024.
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These data explore changes in English and American consumption between 1550 and 1800. The probate inventories (Parts 1-11) include information about personal wealth, household production, and the possession of consumer durables and semi-durables. The household survey for England circa 1790 (Part 12) contains dietary information as well as information about other household expenditures. The wills from England and America (Part 13) are a source for learning about the kinds of goods people obtained from their families through inheritance. Finally, information pertaining to the distribution network in eighteenth century England is contained in the aggregate county-level data on the shop and peddler's tax (Part 13).
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The values of any financial assets held including both formal investments, such as bank or building society current or saving accounts, investment vehicles such as Individual Savings Accounts, endowments, stocks and shares, and informal savings.
These tables only cover individuals with some liability to tax.
These statistics are classified as accredited official statistics.
You can find more information about these statistics and collated tables for the latest and previous tax years on the Statistics about personal incomes page.
Supporting documentation on the methodology used to produce these statistics is available in the release for each tax year.
Note: comparisons over time may be affected by changes in methodology. Notably, there was a revision to the grossing factors in the 2018 to 2019 publication, which is discussed in the commentary and supporting documentation for that tax year. Further details, including a summary of significant methodological changes over time, data suitability and coverage, are included in the Background Quality Report.
In 2023, the United Kingdom's Gini coefficient score was 33.1, a slight decrease when compared with the previous year. The Gini coefficient is a measurement of inequality within economies, a lower score indicates more equality while a higher score implies more inequality.
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The value of any pension pots already accrued that are not state basic retirement or state earning related. This includes occupational pensions, personal pensions, retained rights in previous pensions and pensions in payment.
The table only covers individuals who have some liability to Income Tax. The percentile points have been independently calculated on total income before tax and total income after tax.
These statistics are classified as accredited official statistics.
You can find more information about these statistics and collated tables for the latest and previous tax years on the Statistics about personal incomes page.
Supporting documentation on the methodology used to produce these statistics is available in the release for each tax year.
Note: comparisons over time may be affected by changes in methodology. Notably, there was a revision to the grossing factors in the 2018 to 2019 publication, which is discussed in the commentary and supporting documentation for that tax year. Further details, including a summary of significant methodological changes over time, data suitability and coverage, are included in the Background Quality Report.
In 2022 the top one percent of earners in the United Kingdom accounted for around 10.2 percent of the overall national income of the UK. The share of national income earned by the top one percent increased from 6.8 percent in 1980 to a peak of 14.8 percent in 2007.
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In the 3 years to March 2021, black households were most likely out of all ethnic groups to have a weekly income of under £600.
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The global Wealth Management Software market is experiencing robust growth, projected to reach $5.31 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 14.04% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing demand for personalized wealth management solutions, coupled with the rising adoption of digital channels by both financial institutions and high-net-worth individuals, is significantly boosting market growth. Furthermore, stringent regulatory compliance requirements are pushing institutions to adopt sophisticated software solutions to manage risks and ensure operational efficiency. The shift towards cloud-based deployments offers scalability and cost-effectiveness, further accelerating market adoption. Technological advancements, such as Artificial Intelligence (AI) and machine learning (ML) integration for improved portfolio management and risk assessment, are also key contributors to the market's expansion. Competition is intense, with established players like Fiserv, Temenos, and Broadridge alongside innovative fintech companies like Backbase and Avaloq vying for market share. The market segmentation reveals a strong preference for cloud-based deployments, driven by their inherent flexibility and accessibility. Among end-user industries, Banks, Trading Firms, and Brokerage Firms represent the largest market segments, reflecting the critical role of efficient wealth management in their operations. Geographical distribution suggests North America and Europe currently hold the largest market shares, but the Asia-Pacific region is expected to witness significant growth in the coming years, driven by rising disposable incomes and increasing financial literacy. While data privacy concerns and the high initial investment costs associated with implementing new software solutions pose potential restraints, the long-term benefits of enhanced efficiency, improved client service, and regulatory compliance are expected to outweigh these challenges, ensuring continued market growth throughout the forecast period. This in-depth report provides a comprehensive analysis of the global wealth management software market, projecting robust growth from $XXX million in 2025 to $YYY million by 2033. The study covers the historical period (2019-2024), base year (2025), and forecast period (2025-2033), offering invaluable insights for stakeholders across the financial technology landscape. Key market segments, including deployment types (on-premise, cloud), end-user industries (banks, trading firms, brokerage firms, investment management firms, and others), and leading players, are meticulously examined. Recent developments include: March 2023 - WealthTech GBST rebranded and released an improved SaaS Composer wealth management administration software version. In reference to its roots, the company has kept its name while developing a brand strategy and new visual identity based on the updated backronym., July 2022 - FIS, a financial technology company, announced it had enhanced its wealth management solutions by expanding and enhancing its self-invested personal pension (SIPP) servicing in the United Kingdom., April 2022 - HCL Technologies (HCL) expanded its global partnership with Avaloq, a provider of digital banking solutions, to develop a lifecycle management center for digital wealth management. This partnership will enable more financial institutions to leverage Avaloq's innovative technology., March 2022 - SHUAA Capital PSC, the asset management and investment banking platform in the Middle East, completed a strategic investment in UAE-based fintech, Souqalmal. The acquisition will provide growth capital, allowing Souqalmal to execute an ambitious growth plan over the next 24 months.. Key drivers for this market are: Rising Need to Integrate Business Capabilities and Channels in the Wealth Management Process, Requirement of Customer-centric Business Priorities, such as Fully Digitized Client Onboarding. Potential restraints include: Lack of Awareness Related to Wealth Management Platforms and Higher Dependency on Traditional Methods. Notable trends are: Investment Management Firms are Expected to Drive Market Growth.
This statistic presents the outcome of prosperity index research conducted by Barclay for the regions of the United Kingdom (UK) as of August 2015. According to the research incorporating various factors into the prosperity score, the most prosperous region of the UK was the city of London, with a score of **** points. South East and Eastern England followed with **** and **** score, respectively. Least prosperous was North East, with **** index points on the scale.
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This is the same data as number 1 in the series, but preserved as comma separated format, not Filemaker Pro.
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Between 2018 and 2022, people in households in the ‘other’, Asian and black ethnic groups were the most likely to be in persistent low income, both before and after housing costs, out of all ethnic groups.
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The UK retail banking market, valued at approximately £68.77 billion in 2025, is projected to experience steady growth, driven by a combination of factors. Technological advancements, particularly in online and mobile banking, are significantly shaping customer preferences and driving market expansion. The increasing adoption of digital banking platforms, offering convenience and accessibility, is a key driver. Furthermore, the growing demand for personalized financial services and wealth management solutions among both individuals and businesses fuels market growth. Competition among established players like HSBC Holdings, Barclays PLC, and Lloyds Banking Group, along with the emergence of fintech companies, is fostering innovation and efficiency. Regulatory changes impacting lending practices and financial security also influence market dynamics. However, economic uncertainties and fluctuating interest rates pose potential challenges. The market is segmented by banking type (traditional, online, personal, business, wealth management), end-user (individuals, small businesses, corporates, high-net-worth individuals), and distribution channel (branches, online platforms, mobile apps). The shift toward digital channels presents opportunities for banks to enhance customer experience and optimize operational costs. While precise regional breakdowns within the UK are not provided, it is reasonable to expect that London and other major urban centers contribute significantly to the market size. Growth across regions will likely mirror national trends, influenced by factors such as regional economic performance, digital infrastructure availability, and the distribution of different customer segments. The projected CAGR of 3.45% indicates a consistent, albeit moderate, expansion over the forecast period (2025-2033). This moderate growth reflects the mature nature of the UK retail banking market and the potential for saturation in some segments. Nevertheless, continuous innovation and adaptation to evolving customer needs are expected to sustain the market's growth trajectory. Recent developments include: August 2024: Lloyds Bank launched a USD 137 cash offer for students opening current accounts. To qualify, students must deposit at least USD 622 between August 1 and October 31, 2024. Student account holders will also receive a 20% discount on selected Student Union events and can earn 2% interest on balances up to USD 6,219.September 2023: HSBC pioneered a partnership with Nova Credit, making it the first UK bank to allow newcomers to access their credit history from abroad. This initiative aims to facilitate smoother financial integration for individuals relocating to the United Kingdom.. Key drivers for this market are: The Shift Toward Digital Banking, with Customers Increasingly Using Online and Mobile Banking Services. Potential restraints include: The Shift Toward Digital Banking, with Customers Increasingly Using Online and Mobile Banking Services. Notable trends are: Deposit Trends and Digital Transformation Driving Traditional Banking.
In the 2022/23 financial year, various measures of inequality in the United Kingdom decreased when compared with 2021/22. The S80/20 ratio fell from *** to ***, the P90/10 ratio from *** to ***, and the Palma ratio between *** and ***.