Quote:
Originally Posted by ÜberDan  In under a decade 26% of UK households are projected to have a net worth of £1,000,000. And the UK has the highest number of millionaires of the G7 countries. |
If the UK is anything like the US this stat is based on projections that house prices will continue to rise. I'm most interested in wealth stats that don't include the value of people's homes because that means people are getting richer on paper just because inflation is out of control (home price inflation). What does this say for the folks that don't own homes? Are they getting richer too. No. They are getting poorer because their wages are steady while prices are going up.
Sorry this turned into a rant. I haven't even read the article yet.
