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Net wealth back to 2005 levels as housing recovers

first_imgThursday 11 November 2010 8:35 pm More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.com KCS-content BRITONS’ net wealth climbed back to 2005 levels last year, largely because of a mini revival in the housing market, according to official statistics released yesterday. Household net wealth rose 7.3 per cent to £117,000 per person in 2009 – the same as in 2005 – but still below a peak of £128,000 in 2007. This is as a result of the drop in house prices during the recession, the Office for National Statistics (ONS) said yesterday. Most families’ biggest asset is their home, followed by life assurance, pension funds and savings accounts, the ONS added.The official data highlighted the scale of the recession however, showing that GAP per head – a measure of the economic wealth of a country plunged by 5.5 per cent in 2008-09, the biggest margin in 60 years.Despite the economic strain, Britons’ disposable incomes continued to climb, increasing by 1.2 per cent between 2008 and 2009 as consumers benefited from lower mortgage rates and rises in benefit payments. Share whatsapp whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Net wealth back to 2005 levels as housing recovers Show Comments ▼ Tags: NULLlast_img read more