Britain’s huge wealth gaps mean a typical worker would need to save more than a lifetime’s worth of their earnings to become wealthy

Wealth Gaps in Britain

According to new research from the Resolution Foundation, Britain's huge wealth gaps mean a typical worker would need to save more than a lifetime's worth of their earnings to become wealthy.

The report, which examines the scale and distribution of household wealth across Britain, finds that it would now take 52 years' worth of typical earnings – £1.3 million in total – to move from the middle to the top of the wealth distribution.

Wealth gaps continue to grow across Britain.
Britain's stock of wealth continued to grow during the pandemic, reaching a new record high of 7.5 times GDP.
Relative wealth inequality remains high, with absolute wealth gaps between rich and poor families growing sharply.

It took 38 years' worth of median full-time earnings to move from the 5th to the 10th decile in the wealth distribution in 2006-08.

Author's summary: Britain's wealth gaps are growing, making it harder for typical workers to become wealthy.

IFA Magazine — 2025-10-12

Wealth Gaps in Britain

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