Saving to reach Britain's top 10% of wealth takes decades

A Resolution Foundation report says an average British worker would need 52 years of saving to accumulate £1.3 million, the sum needed to move from the middle class into the top 10% of wealth holders. The calculation assumes no bills are paid during the saving period. The study identifies passive gains from property and investments as the main driver of widening inequality since 2010. It also compares the situation with the United States, where workers would need 70 years to reach a similar level of wealth. Molly Broome, formerly a senior economist at the Resolution Foundation, says wealth mobility in Britain is low.