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

robmatic

Graham_Devon wrote: »

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

I have MrRee on ignore. Not really missing his contributions to the board.

nembot

robmatic wrote: »

I have MrRee on ignore. Not really missing his contributions to the board.

Sounds like a good idea, read enough of his drivel

DaddyBear

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

This figure must be the mean. The median would be considerably less. The article doesn't state whether this figure is assets, or assets minus liabilities.

bendix

I for one simply do not believe the average household in the UK has net assets (after liabilities) of £321000

abaxas

bendix wrote: »

I for one simply do not believe the average household in the UK has net assets (after liabilities) of £321000

It probably does if you include pensions and 'things you will probably get later' from the government.

bendix

Then it's spurious to the point of being meaningless. For a start, pensions are NOT wealth owned by someone; they are funds held in trust to generate an income.

PasturesNew

I've not got that much yet. I will if I outlive everybody in my whole family and they all leave me everything they've got.

SingleSue

Even if I outlive everyone else (doubtful), I still wouldn't have that much! Only my parents own their home, the rest of us rent.

For an average family, I think my sister and her brood could class as pretty average in this country, her husband works full time bringing in an average salary for the area, she works part time (but over 16 hours a week) and they have 3 children.....they certainly do not have a net wealth of over £300k.

I was once part of a slightly over average family, hubby earned an above average salary plus bonuses, I worked part time but did a fair bit of overtime which sometimes had me doing the equivalent of full time hours split over 2 shifts in the day and evening at above average hourly rate (pretty much double minimum wage plus bonuses on top) and 3 children....we didn't have over £300k net worth either.

As for people having plenty of money....yeah right, pull the other one!

MrRee_2

SingleSue wrote: »

As for people having plenty of money....yeah right, pull the other one!

Well, Sue, tell that to the thousands of buyers I was fighting with in the Town Centre yesterday ... there is plenty of money around.

And, despite whether Devon-Graham wants to hear it or not, we are very rich compared to other parts of the world .... our poorest is probably better off than their richest.

SingleSue

I would agree on your last line there....we really do not realise how well off we are compared to others in other countries.

As for the first line, well I saw plenty in our town centre on Saturday and yes the shops were busy but the actual purchases were not really happening, or if they were, they were generally pretty small ones (I was there and I spent the grand total of 0!)