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Why being a millionaire is nothing special: One in 65 people is now worth seven-figures after surge in the price of property and stock markets

01gros

27/08/2015

  • There are now 715,000 millionaires in the UK, a 40 per cent rise since 2010
  • FTSE 100 index is 22% higher and average house price has risen by a fifth
  • Nearly half of the new millionaires live outside London and the south east
  • But study highlighted the stark contrasts in wealth across British regionsThe number of British millionaires has shot up by 40 per cent in the past five years, with one in every 65 adults now classed as having a seven-figure fortune.

According to new research, a surge in property prices and stock markets means there are now 715,000 millionaires in the UK alone.
The FTSE 100 index is 22 per cent higher than in 2010 while the value of the average home in the UK has risen by more than a fifth in the same period.
The study found nearly half of the new millionaires lived outside London and the south east, a sign described as 'encouraging'.
Every UK region is now more affluent than it was five years ago, the report says.
But there was still a 48 per cent rise in London millionaires over the past five years. That brings the total to 191,000 - more than the combined millionaire population of Wales, Scotland, Northern Ireland and Northern England.
The study also highlights the stark differences in wealth across Britain.
The southeast remains the UK's economic powerhouse, while the region with the second-highest number of millionaires was Eastern England, as house prices push more wealthy Britons outside of London.
But Wales and the north east had the lowest number of millionaires, coming in at 12,000.
According to the report, income per person in London is £37,000 - more than double the rate in Wales.
After London, the most prosperous city is Reading where average earnings are £30,500, followed by Cambridge and Birmingham.
Meanwhile, average household wealth in the south east is £310,00, compared with £142,00 in the northeast.
Nick Bryer, from Oxfam, said the 'huge disparity' between the rich elite and 'ordinary people' is a sign of 'economic sickness rather than health.'
According to the Office of National Statistics, the richest 10 per cent of households own 44 per cent of household wealth.
Earlier this year, a report from Savills said 400,000 people owned homes worth more than £1m, a figure which is continuing to grow amid the ever-expanding housing market.

Fonte:http://www.dailymail.co.uk/news/article-3212354/Why-millionaire-special-One-65-people-worth-seven-figures-surge-price-property-stock-markets.html

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