Wealth has soared for middle and high income families during the coronavirus crisis – but the poorest have been left behind in a savings boom, a study suggests today. Resolution Foundation research reveals a widening gap as middle and high-wealth households amassed savings and benefitted from rising house prices. Total household savings are £200billion higher than before the Covid-19 pandemic, household debts excluding credit cards have fallen by around £10bn and house prices have climbed 8% since February 2020, says the report.
The Wealth Gap after Covid
