§ Sir Peter HordernTo ask the Chancellor of the Exchequer how many people over 60 years have assets of £50,000 or more at the latest available date; and how many such people there were five years ago and 10 years ago. [31548]
§ Mr. JackThe available information is as follows. I regret that separate estimates for people over 60 years are not available.
Adults in the United Kingdom with net marketable wealth1 of £50,000 or more Year Estimated number 1983 3 million 1988 6 million 1993 10 million 1 Includes all assets held by individuals for which a value can be immediately realised, net of liabilities, but excludes the values of accrued pension rights.