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A massive £800 billion is missing from official measures of wealth - all held by the very wealthiest families. Top finding from the first @resfoundation paper of 2021
The result? The share of total wealth held by the top 1% is almost a quarter (23%) not less than a fifth (18%) as previously thought
What’s going on? In a shock move the very richest families aren’t keen to fill in official surveys... but we can get a sense of how much wealth is missing as a result by looking at other data sources like the @thesundaytimes rich list
Read a summary of the research from @jackhleslie (with lots of other important findings about household wealth in the UK - like the fact that the vast majority of its increase is unearned in recent decades) or... https://www.resolutionfoundation.org/publications/the-missing-billions/
...read the full paper from @jackhleslie @GeorgeBangham and @arunadvaniecon https://www.resolutionfoundation.org/publications/the-uks-wealth-distribution-and-characteristics-of-high-wealth-households/
If you prefer your reading in newspaper form you can check out the front page of today’s @ObserverUK or open up the @thesundaytimes https://www.thetimes.co.uk/edition/business/taxman-missing-out-on-800bn-from-richest-housebolds-63g6p28s6
