The wealth of the over 50s

Sunday 26 January 2014

The value of the over 50s wealth holdings has grown since the crisis hit, meaning that they hold an increasingly large proportion of the UK's assets. In the second quarter of 2013, they held 75.9% of all household financial wealth.

The wealth of the over 50s

Growth in UK household wealth, which had been seen consistently since 2002, came to an abrupt end as the financial crisis struck, dampening asset values.  In particular, younger age groups saw the value of their wealth stagnate or decline following the financial crisis once inflation has been taken into account.  The over 50s have generally fared better.  The value of over 50s wealth holdings has grown since the crisis hit, meaning that the over 50s hold an increasingly large proportion of the UK's assets. 

The full report by Cebr, commissioned by Saga, reveals that in the second quarter of 2013, the over 50s held 75.9% of all UK household financial wealth.

Ends

For further information please contact Lisa Harris on 01303 774716 or lisa.harris@saga.co.uk

Full report available

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