Friday, December 11, 2009

HAS LABOUR HELPED THE POOR?

Rich and poor in Sao Paulo


There is a lot of wealth in the UK.

BUT, "the least well-off half of households own just 9 per cent of the wealth."

The rich have large pensions; and they have large houses, usually in the South East of England.

The typical poor family, for example in parts of Glasgow, has no private pension and no privately owned house.

They earn about £5 per hour.

Their wealth consists mainly of physical possessions such as a TV or clothing.

Life expectancy can be as low as in the Third World.

The median net financial wealth for people in the UK is just £5,200.

Poorest half of UK owns just 9% of wealth

Britain's 'average' family worth £204000

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