The gap between the richest and poorest in London
of London's wealth is owned by the richest 10% of its households. The bottom 50% own just over 5%.
greater is the income of someone just in the top 10% in London in comparison to someone just in the bottom 10%.
Inequality explains the incongruence between two pictures of London: one of the booming centre of global finance and home to many of the world’s rich, and the other of a city with high levels of poverty and deprivation.
Income inequality is significantly greater in London than elsewhere in England. In the three years to 2015/2016, the income of someone just inside the top 10% was eight times higher than someone just inside the bottom 10% of earners, and the top 10% earned more than the bottom 50%. However, the lowest 10% of earners have seen their wages increase since 2011, while median earners and the top 10% have experienced declines.
Wealth inequality is far wider than income inequality in London. 50% of London’s wealth is earned by the richest 10% of its households, while the bottom 50% own just over 5%. And someone just inside the top 10% in terms of wealth owns 295 times more than someone just inside the bottom 10%. This trend is becoming more extreme in London, with the least wealthy 10% of people losing 32% of their wealth over the last two years, compared to a 2% drop across Great Britain. Meanwhile, the wealth of the top 10% in London has increased by 25%.
Income inequality across England
Income inequality over time
Income inequality and housing costs
Pay inequalities across England
Changes in pay inequality
From our Twitter
More working households in London are in poverty than they were a decade ago. The number of adult Londoners in poverty from working families rose from 566,000 to 833,000 between 2005/06 and 2015/16 (a 47% rise). For children, the increase was 303,000 to 477,000 (a 57% rise). pic.twitter.com/gjNTJMVdwQ23 Apr 2018
London’s population is younger than the rest of England’s. London has a lower proportion of people in every age bracket above 45 years than the rest of England. pic.twitter.com/DWQ3g0Gvv822 Apr 2018
Teenagers are the group who are most likely to be leaving Outer London. pic.twitter.com/JBvdqUKKHl21 Apr 2018
More people moved into than out of London every year since 2004/5. But the main driver of London’s population growth is its birth rate being higher than its death rate pic.twitter.com/H4zfLrooIg20 Apr 2018
New @centreforlondon report finds 70% of Londoners have lived here for 10+ years. More on London’s population at: http://www.trustforlondon.org.uk/data/londons-population-country-birth …19 Apr 2018