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 than 1 in 6 people in Kingston are living in poverty. Find out more information about the borough here: https://www.trustforlondon.org.uk/data/boroughs/kingston-upon-thames-poverty-and-inequality-indicators/ …18 May 2018
Proportion of homes which are overcrowded in London Socially rented: 13% Privately rented: 11% Owner occupied: 3% pic.twitter.com/Qxp755ah6018 May 2018
29% of 11 year olds in Barking & Dagenham are judged to be obese – the highest proportion of any London borough. pic.twitter.com/yz3Md0UfYG17 May 2018
One third of Haringey residents live below the poverty line. Read more data about the borough here: https://www.trustforlondon.org.uk/data/boroughs/haringey-poverty-and-inequality-indicators/ …17 May 2018