{"id":47,"date":"2016-11-05T13:49:44","date_gmt":"2016-11-05T13:49:44","guid":{"rendered":"http:\/\/www.unstatistical.com\/?p=47"},"modified":"2016-11-05T13:52:50","modified_gmt":"2016-11-05T13:52:50","slug":"am-i-wealthy","status":"publish","type":"post","link":"https:\/\/www.unstatistical.com\/?p=47","title":{"rendered":"Am I wealthy?"},"content":{"rendered":"<p>I have no savings really, so I already knew the answer was no. I wanted to find out how everyone else was doing though, so after trawling the <a href=\"https:\/\/www.ons.gov.uk\/\">ONS site<\/a> for a couple of hours, I found this <a href=\"https:\/\/www.ons.gov.uk\/peoplepopulationandcommunity\/personalandhouseholdfinances\/incomeandwealth\/adhocs\/005241wealthbyhrpagelondonjuly2012tojune2014\">data set<\/a>.<\/p>\n<p>I think I&#8217;ve put it into a graph correctly, so if you want to see how wealthy you are compared to people in your age bracket\u00a0in London, enjoy:<br \/>\n<a href=\"http:\/\/www.unstatistical.com\/wp-content\/uploads\/2016\/11\/Screenshot_159.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-48\" src=\"http:\/\/www.unstatistical.com\/wp-content\/uploads\/2016\/11\/Screenshot_159.png\" alt=\"Household wealth by HRP age, London; July 2012 to June 2014\" width=\"501\" height=\"282\" srcset=\"https:\/\/www.unstatistical.com\/wp-content\/uploads\/2016\/11\/Screenshot_159.png 1001w, https:\/\/www.unstatistical.com\/wp-content\/uploads\/2016\/11\/Screenshot_159-300x169.png 300w, https:\/\/www.unstatistical.com\/wp-content\/uploads\/2016\/11\/Screenshot_159-768x433.png 768w\" sizes=\"auto, (max-width: 501px) 100vw, 501px\" \/><\/a><\/p>\n<p>I was surprised by how high the wealth of the top 10% is. \u00a0I&#8217;ve read that this is likely to be underestimated, I guess because the more money you have, the wiser the investment in a clever accountant to hide it.<\/p>\n<p>It doesn&#8217;t look like the top decile is skewed as much as you might assume (from <a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1111\/j.1475-5890.2016.12083\/full\">this article<\/a>):<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-49\" src=\"http:\/\/www.unstatistical.com\/wp-content\/uploads\/2016\/11\/fisc12083-fig-0001.png\" alt=\"Percentile plot of total household wealth per adult\" width=\"497\" height=\"269\" srcset=\"https:\/\/www.unstatistical.com\/wp-content\/uploads\/2016\/11\/fisc12083-fig-0001.png 497w, https:\/\/www.unstatistical.com\/wp-content\/uploads\/2016\/11\/fisc12083-fig-0001-300x162.png 300w\" sizes=\"auto, (max-width: 497px) 100vw, 497px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have no savings really, so I already knew the answer was no. I wanted to find out how everyone else was doing though, so after trawling the ONS site for a couple of hours, I found this data set. I think I&#8217;ve put it into a graph correctly, so if you want to see [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-47","post","type-post","status-publish","format-standard","hentry","category-money"],"_links":{"self":[{"href":"https:\/\/www.unstatistical.com\/index.php?rest_route=\/wp\/v2\/posts\/47","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.unstatistical.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.unstatistical.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.unstatistical.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.unstatistical.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47"}],"version-history":[{"count":2,"href":"https:\/\/www.unstatistical.com\/index.php?rest_route=\/wp\/v2\/posts\/47\/revisions"}],"predecessor-version":[{"id":51,"href":"https:\/\/www.unstatistical.com\/index.php?rest_route=\/wp\/v2\/posts\/47\/revisions\/51"}],"wp:attachment":[{"href":"https:\/\/www.unstatistical.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.unstatistical.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.unstatistical.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}