Typical worker ‘would need to save over a lifetime’s earnings to become wealthy’: Resolution Foundation

Tax alert: HMRC raid 'to fall on pensioners' as Britain's wealth gap grows

A stark new study has exposed the extraordinary scale of Britain's wealth divide.Research from Resolution Foundation reveals that an average worker would need 52 years of full earnings to move from the middle to the highest wealth tier.This equates to £1.3million in accumulated income — a dramatic deterioration from 2006 to 2008 when the same journey required 38 years of median wages.The think tank’s analysis shows that even if a typical full-ti…

UK Workers Face Growing Wealth Gap Challenge, Think Tank Says

Pensioners now hold half of Britain's wealth

The share of wealth held by people aged 60 and older jumped from 39pc to 49pc between 2008 and 2022, according to the Resolution Foundation

UK workers face growing wealth gap challenge, think tank says

Rising asset prices have widened the wealth gap between the most well off 10% of British households and the average, a think tank said on Wednesday, highlighting the country's growing wealth inequality.

Average Brit would need lifetime of earnings to become wealthy

The average British worker would need to save more than a lifetime’s worth of earnings to become wealthy, fresh analysis has revealed. The ever-widening wealth gap means it would take £1.3m – around 52 years’ worth of average earnings – to jump from the middle to the top of wealth ...

It's now almost impossible to work your way to riches, says report into growing wealth gap

The Resolution Foundation's analysis of the country's wealth gap comes seven weeks before the chancellor delivers what's expected to be a tax-raising budget, though the government seems reluctant to pursue wealth taxes.