Recession cut personal wealth to lowest level since '03

Including home ownership and savings, wealth per person stood at £109,000 per person in 2008, although it rose to £117,000 the following year. The figures, released by the Office for National Statistics, also reveal the peak of wealth was in 2007, when it stood at £128,000. Meanwhile, between 2008 and 2009, debt as a percentage total household also dropped, from 169% to 161%. The report says: "The fall in household net wealth between 2007 and 2009 was largely because of the fall in house prices which meant that property assets were smaller." Another finding of the Social Trends ...