Think tank: Resolution Foundation
Author(s): Molly Broome; Jack Leslie
July 20, 2022
This report from UK think tank the Resolution Foundation looks at differences in wealth across groups to understand wealth inequality in the UK.
The defining economic challenge for UK families at the moment is the cost of living crisis, rising inflation threatens living standards in the UK as real incomes fall. Owning wealth helps protect against the adverse effects, particularly for those who can rely on savings. Therefore, the current crisis has thrown wealth inequality into the spotlight. This report, the third in an annual series of ‘audits’ of wealth in the UK, uses newly available data on differences in wealth across groups to understand the complicated picture of wealth inequality in the UK, the impact it has on people’s lives and its implications for households as the cost of living crisis intensifies.