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South East has biggest share of the wealthiest households

Released: 03 December 2012 Download PDF

More than 1 in 7 households in the South East of England are in the top 10% of the wealthiest households, according to new figures released today by ONS. The figures, taken from the Wealth & Assets survey, also show that Scotland has the lowest share of wealthiest households, with less than 1 in 14 of Scottish households coming from the top 10%.

Across the country, London, the South East, the South West and the East have more than the average number of households in the top 10%, with all of the other regions of Great Britain having fewer.

The wealthiest 10% of households are those with a total household wealth of at least £967,000. The top 1% of households had a total wealth of at least £2,807,000.

The head of the household in the wealthiest 10% of households were over three times more likely to have a degree or to have worked in managerial or professional occupations than household heads in the least wealthy 50% of households.

Today’s short story looks in detail at the wealthiest households in Great Britain, building on the data released in Wealth in Great Britain in July 2012. This is the first in a series of short stories looking at the wealth of different groups in society.

Background notes

  1. For a full copy of the short story see: http://www.ons.gov.uk/ons/rel/was/wealth-in-great-britain-wave-2/wealth-of-the-wealthiest--2008-10/wealth-of-the-wealthiest-households--great-britain--2008-10.html
  2. To view a podcast about today’s short story see: http://www.ons.gov.uk/ons/external-links/social-media/youtube.html
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  4. Details of the policy governing the release of new data are available from the media office.
  5. National Statistics are produced to high professional standards set out in the Code of Practice for Official Statistics. They undergo regular quality assurance reviews to ensure that they meet customer needs. They are produced free from any political interference.
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