People between 65 and 74 in the UK have almost three times the wealth of those between 35 and 44, according to a new report. The relative median amounts average £570,444 against £198,596. Research for “The Future of Ageing in an Uncertain World” was commissioned by the International Longevity Centre. It notes that the older age group has benefited disproportionately from the increase in wealth since the global financial crisis more than two decades ago. They saw the value of their wealth soar by 58%, between 2010-11 and 2019-20 compared with only 4% for the younger group. But distribution of wealth is very uneven, with the median figure in the South East some £157,000 higher than in the North East. And the report says nearly one in four of the older group have engaged in learning over the past three years, perhaps suggesting that the message employers should be offering training to people staying in or returning to work after retirement may be gaining traction.
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