The value of total wealth owned by private households in Scotland increased by 22% in 2012/14 to £865.6 billion. The increase in wealth was the largest since 2006/08, with increases in all wealth components compared to 2010/12.
Scotland - like the rest of Great Britain - faces stark inequalities in wealth, with the wealthiest 10 per cent owning 43% of all private wealth, 67% of financial wealth, 54% of pension wealth, and 43% of all property wealth. The wealthiest 1% alone owned more wealth than the bottom 50%.
In comparison, the least wealthy 30 per cent of the population owned less than 2% of all private wealth – including very little or no financial wealth, pension wealth, or property wealth.
Inequality in wealth ownership in Scotland increased in 2012/14: the situation of the bottom 40% of households worsened against the top 10%. The wealthiest 10% of households owned 9.4 times the net household wealth of the bottom 40% in 2012/14, compared with 8.8 times in 2010/12.