Income & wealth
Household net wealth doubles in 20 years
Real household net wealth per head, United Kingdom
• Household net wealth in the UK more than doubled in real terms between 1987 and 2006. (Figure 5.4)
• In 2005 the UK had the third highest Gross Domestic Product (GDP) per head within the G7, whereas in 1991 it was lowest in the group. (Table 5.2) Latest information on GDP growth
• In spring 2007, 85 per cent of adults in England were very or fairly satisfied with their standard of living and 63 per cent were satisfied with their future financial security. (Table 5.5)
• In April 2007 the median hourly earnings, excluding overtime, of women working full time in the UK were £10.46, 87 per cent of the median earnings of men. (Page 68) Latest information on personal finances
• Payments of personal income tax and employees’ social contributions amounted to 26 per cent of GDP in Denmark in 2005, compared with 16 per cent in the UK. (Figure 5.12)
• Around one in three families in the UK had no savings in 2005/06, but one in five couples where one or both were aged 60 or over had savings in excess of £20,000. (Table 5.21)
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