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Wealth and Assets in Scotland 2006 - 2012

Wealth and Assets in Scotland 2006 - 2012

Tuesday, March 24, 2015

ISBN: 9781785441868

This report presents analysis of Scottish data from the Wealth and Assets Survey 2006-2012, with a particular focus on findings from the third wave of the survey, covering the period 2010/12. This updates the report Wealth and Assets in Scotland 2006-10, which was published in May 2014.

Executive Summary

Aggregate total wealth of private households increased to £714 billion in Scotland in 2010/12.

This was driven by increases in pension, property and physical wealth, while financial wealth decreased in 2010/12.

The distribution of household wealth in Scotland remained highly unequal. The wealthiest 10 per cent of households owned 44 per cent of all wealth in 2010/12. In contrast, the least wealthy half of households in Scotland owned 9 per cent of total wealth in 2010/12.

The wealthiest 10 per cent of households owned 74 per cent of financial wealth, 55 per cent of pension wealth, 43 per cent of property wealth and 33 per cent of physical wealth.

In comparison, the least wealthy half of households owned less than 1 per cent of financial wealth, less than 3 per cent of pension wealth, 6 per cent of property wealth, and 20 per cent of physical wealth.