Showing posts with label financial. Show all posts
Showing posts with label financial. Show all posts

Tuesday, November 23, 2010

Wealth "affected by the financial crisis."

11 November 2010 update at 12: 09 GMT Cash poor households child or retired number has decreased in recent years, official statistics have revealed the extent household wealth has been affected by the financial crisis.

Wealth, which includes the assumption of ownership and savings, fell to £ 109 000 per person in 2008 - the lowest for five years.

But he recovered to £ 117 000 the following year, the Office for National Statistics (ONS) said.

Debts remained elevated compared to income, but households have sought to pay debt rather than to save them.

Domestic finances showed resilience, despite the economy as a whole in 2008-9.

For the past 10 years, the proportion of poor households with children or pensioners declined, figures show.


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