How wealthy are you for your age?

How does your wealth compare with other people your age? šŸ‘€

These figures show the median household wealth for different age groups in Great Britain, based on ONS data.

And ā€œwealthā€ means much more than the money sitting in your bank account.

It includes:
šŸ  Property wealth, after mortgagesšŸ’· Private pensionsšŸ“ˆ Savings and investments, after financial debtsšŸš— Physical wealth, such as vehicles and possessions

So if you’re working yours out, don’t forget your pension or the equity you have built up in your home.
One important point: these figures are NOT targets for how much you ā€œshouldā€ have at each age.

They simply show the median wealth of households in each age group, meaning half have more and half have less.

The figures come from the ONS Wealth and Assets Survey covering April 2020 to March 2022, the latest detailed household wealth data available.
How do you compare? šŸ‘‡

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Credit to : Money to the Masses

 

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