24 Feb 2017
Inequality worsens as savings gap grows 25% and homeownership levels fall for low income families.
- Low income families have just £95 in savings and investments, compared to £62,885 among high income families, as the savings gap grows 25% annually
- Overall, UK families' savings have fallen to the lowest level in 18 months as typical incomes decline
- Homeownership among families falls to lowest level in four years (64%), with low income families worst off: 41% are homeowners compared to 90% of high income families
- High income families' perceived property value is more than 2.5 times higher than that of low income families
- More than two in five (43%) families fear rising prices as inflation continues to climb and debts grow