Wealth in the downturn: winners and losers

Publication type

Report

Authors

Nida Broughton, Ricky Kanabar and Nicole Martin

Publication date

Summary

Exclusive new research from the Social Market Foundation (SMF) and the
Understanding Society Policy Unit at the Institute for Social and
Economic Research (ISER) reveals that today’s younger people and those
on low incomes have substantially less in savings and hold higher levels
of debt than before the downturn. This is in stark contrast to the top
income group, where financial wealth grew by almost two-thirds and debt
levels declined sharply.

Subjects

Economics, Poverty, Income Dynamics, Savings And Assets, Wages And Earnings, Household Economics and Debt: Indebtedness

Links

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