Average UK worker would need to save 52 years of earnings to be wealthy

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"The average UK worker would need to save their earnings for 52 years in order to move to the top of the wealth ladder, new research suggests. It would take just over half a century of saving with no outgoings for the average Brit to raise 1.3 million, the amount needed to move from the move from the middle to the top brackets of the nation's richest, according to the Resolution Foundation."

The Independent sends reporters to cover issues from reproductive rights and climate change to Big Tech, investigating matters such as Elon Musk's pro-Trump PAC and producing documentaries like 'The A Word' that spotlight American women fighting for reproductive rights. The outlet says it is trusted across the political spectrum and keeps reporting paywall-free, asking for donations to fund journalists who speak to both sides of a story. New research from the Resolution Foundation finds the average UK worker would need roughly 52 years of saving with no outgoings to amass 1.3 million to reach the top wealth bracket, and analysts report wealth rose to a record 7.5 times GDP during the pandemic while gaps between rich and poor families grew sharply, reflecting worsening intergenerational inequality between 2006-08 and 2020-22.

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