Wealth in the downturn: winners and losers
Exclusive new research from the Social Market Foundation (SMF) and the
Understanding Society Policy Unit at the Institute for Social and
Economic Research (ISER) reveals that today’s younger people and those
on low incomes have substantially less in savings and hold higher levels
of debt than before the downturn. This is in stark contrast to the top
income group, where financial wealth grew by almost two-thirds and debt
levels declined sharply.