Analysis of today's ONS Family Spending publication by The Equality Trust has found that the richest 10% of households spend more on eating out (£58.40) than the poorest 10% of households spend on housing, fuel and power combined (£44.50). The Equality Trust also found:
The 100 richest people in Britain have seen their wealth increase by £55.5bn since 2010, according to analysis by The Equality Trust. In addition, research released by Oxfam today found just 8 people have as much wealth as half the world's population. Ahead of the World Economic Forum in Davos tomorrow, The Equality Trust calls on politicians and business leaders to commit to reducing global and national inequality levels.
Analysis by The Equality Trust found:
Many households earn too little to pay for basic necessities, and to save for an uncertain future. Over a third of households now owe more in debt that they have saved, and millions more face falling into trouble in the event of a financial shock they cannot avoid. In our new briefing note, Walking the Tightrope - Savings and Debt Inequality in Great Britain, we find that: