UK workers face growing wealth gap challenge, think tank says

Rising asset prices have widened the wealth gap between the most well off 10% of British households and the average, a think tank said on Wednesday, highlighting the country's growing wealth inequality. The Resolution Foundation, which focuses on issues facing lower- and middle-income Britons, said the richest 10% of households held around half of total assets, little changed since the 1980s. But rises in prices for assets - chief among them property and private pension savings - had made it harder for average earners to catch up. Household wealth for an adult in the wealthiest 10% of households in 2020/22 was on average 1.3 million pounds greater than that for someone in a household in the middle of the wealth...