Half of nation’s wealth concentrated in 10% of households, says Office for National Statistics

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The richest 10 per cent of households in the UK hold almost half of the country’s wealth, according to the latest official statistics.

This minority of the population held 43 per cent of the nation’s wealth between April 2018 and March 2020, while the bottom half held only 9 per cent.

Wealth inequality, measured by the Gini coefficient, remained stable in the 14 years to March 2020, according to the Office for National Statistics.

There were stark inequalities based on age, with the median wealth of those aged 55 to below the state pension age about 25 times higher than that of those aged between 16 and 24.

The richest 1 per cent held more than £3.6 million in wealth, compared with £15,400 or

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