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Total household wealth is high in Britain. Yet, for many families, it has never felt harder to climb the financial ladder.
That's the stark message from a new report by the Resolution Foundation, a UK think-tank focused on improving living standards for low and middle-income households.
According to the group, aggregate household wealth swelled to nearly 7.5 times the national income by 2020–22, fuelled by decades of falling interest rates and rising asset prices, lifting the value of homes and pensions.
"Yet, despite this remarkable increase in the overall stock of wealth, relative wealth inequality ... has remained broadly stable since the 1980s, with the richest tenth of households consistently owning around half of
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