So much money

Albermarle

Vitor said:

This is the type of data the ONS produces - Household total wealth in Great Britain - Office for National Statistics

Median household wealth was £293,700 in the period April 2020 to March 2022 (50% of households have less wealth than the median, and 50% have more.)
The wealthiest 10% of households had household wealth of £1,200,500 or more, while the least wealthy 10% had £16,500 or less.
The non-property component of household wealth is heavily concentrated in the upper deciles.
In decile 8, 9, and 10, non-property wealth often exceeds £300k, £500k, £500–600k respectively.
At least 8–9 million UK households (top 30–35%) have more than £100,000 in non-property wealth.

IIRC ( haven’t got time to check properly )
The Top 5% had a minimum of £4million.
Overall there was a bit more in pension wealth than property. Perhaps surprisingly but it does include a value for DB pensions/public sector ones ( but not state pensions)
Money from owning business assets only starts to play a significant role in the top few per cent.

poseidon1

sgthammer said:

DjangoUnchained said:

I would think that people with very little or no money at all wouldnt really have much use for a saving and investing forum.

MSE isn't a typical savings & investment forum though. For every post saying "Help! There aren't enough independent banks for me to split my savings at only £85k each! How do I stay protected?" there's somebody else trying to find their way around the benefits system or arbitraging their debts to stay afloat after a crisis. It's a genuinely mixed community in that sense, which is one of the nicest things about it.

Indeed MSE and its multitude of different forums is a very broad church where everyone is welcome.

Undoubtedly a good thing and a safe space, unless one is silly enough to post personal data which might entice a scammer to try and scalp you.

By contrast I would not dream of engaging with Facebook on any subject financial or otherwise. Far too much stupidity and bad actors abound there.