Net wealth in the UK is almost £321,000 per household ....

MrRee_2

..... if the average house is £160,000 - then that means, on average, each household has another £161,000 in savings and other assets.

So, please, no more this claptrap about how households are 'struggling' - they simply are NOT!!!

Most families on here are pretty well off in reality ..... I suppose some just like to moan rather than be happy with their lot.

"Analysts at UBS say British households have more housing and financial assets even after allowing for the higher levels of personal debt.
In a note entitled Eine kleine bank balance UBS says: "Most UK household debt is mortgage related, and a typical household buys a home to secure a safe future for itself in retirement. Put differently, a homeowning household has protected itself from any mismatch between rental payments and pension income during retirement"

http://www.telegraph.co.uk/finance/financialcrisis/8947473/UK-households-wealthier-than-Germanys-says-UBS.html

Thrugelmir

already posted.

https://forums.moneysavingexpert.com/discussion/3668313

thescouselander

MrRee wrote: »

..... if the average house is £160,000 - then that means, on average, each household has another £161,000 in savings and other assets.

So, please, no more this claptrap about how households are 'struggling' - they simply are NOT!!!

Most families on here are pretty well off in reality ..... I suppose some just like to moan rather than be happy with their lot.

"Analysts at UBS say British households have more housing and financial assets even after allowing for the higher levels of personal debt.
In a note entitled Eine kleine bank balance UBS says: "Most UK household debt is mortgage related, and a typical household buys a home to secure a safe future for itself in retirement. Put differently, a homeowning household has protected itself from any mismatch between rental payments and pension income during retirement"

http://www.telegraph.co.uk/finance/financialcrisis/8947473/UK-households-wealthier-than-Germanys-says-UBS.html

I'm not sure how you come to that conclusion. Wealth distribution is pretty uneven in this country so you cant just average the whole lot across all households.

MrRee_2

I'm assuming that the average is also the average across this site?

Indeed, I would argue that families on here - being astute - would be MORE wealthy than the average?

geneer

Ting_Tong wrote: »

sibely . this is grate news cos we need new cooker. and new sofa; so its good to know money is no big issue for us.
much love xxxx Ting Tong

I don't want to laugh, but couldn't help my self.
"grate news" :rotfl:

brit1234

Oh look I just found £90,000 in my fridge.:rotfl:

Now surely if all these households had hundreds of thousands in savings and other assets our banks wouldn't be in such a dire state. There would be plenty of money for mortgages and business loans.

MrRee_2

brit1234 wrote: »

wouldn't be in such a dire state. There would be plenty of money for mortgages and business loans.

There IS plenty of money!!!!!!!!!!!!!!!!!

Graham_Devon

MrRee wrote: »

There IS plenty of money!!!!!!!!!!!!!!!!!

Held by so few, relatively, in the UK.

kabayiri

Graham_Devon wrote: »

Held by so few, relatively, in the UK.

"Never, in the field of human finance, has so much been owed by so many to so few"

Winnie (works for Churchill) 2011

MrRee_2

Maybe only a few have a £million

Plenty have MORE than enough to live extremely well indeed ..... relatively, in the world.

Graham_Devon

MrRee wrote: »

Maybe only a few have a £million

Plenty have MORE than enough to live extremely well indeed ..... relatively, in the world.

Complete waste of time, electric and keyboard wear trying to converse with you, isn't it?