- Britain’s total household net wealth has swelled to £14.6trillion
- Median household net wealth has come in at £286,600
- People in the South East enjoy a big slice of the wealth pie
- Private pension pots comprised 42% of the nation’s total household wealth
A surge in the value of Britain’s pension pots and property has driven the nation’s wealth up sharply over the last few years.
Between April 2016 and March 2018, the total net wealth of Britain’s households swelled to £14.6trillion, marking an increase of 13 per cent on the previous two years, official figures from the Office for National Statistics revealed.
By the end of March last year, households across the country had a median household net wealth of £286,600, which is £24,500 more than in the previous two year period.
Despite popular perception that it’s all about house prices, the biggest chunk of Britain’s wealth comes from private pension pots, comprising 42 per cent of the pie, and forming a greater contribution than property.
