Thirty per cent of all children in Scotland live in the
country’s poorest households, which have almost no wealth – meaning
they do not own property, have an occupational pension or savings, or own items
such as cars and household goods.
Analysis of the Wealth and Assets Survey 2008-10, shows
Scotland, like Great Britain as a whole, is a deeply unequal society with the
wealthiest 10 per cent of households owning 900 times the wealth of the least
wealthy 10 per cent.
wealthiest 30 per cent of households owned over three quarters of all private
household wealth in Scotland, while the least wealthy 30 per cent of households
owned less than two per cent.
Lone parent families and single working age adults are
most likely to have little or no wealth.
Financial wealth and occupational pension wealth were
the most unequally distributed, with the wealthiest 30 per cent of Scottish
households owning 81 per cent of all financial wealth and 84 per cent of
occupational pension wealth. These households also owned 70 per cent of all
property wealth (land and houses).
Deputy First Minister Nicola Sturgeon
"The UK is one of the most unequal countries in the
developed world. Living standards have been falling for those on middle and low
incomes, and the gap between rich and poor is getting wider.
“These alarming figures highlight that almost one
third of our children are not getting a fair start in life.
“Our poorest households do not have the income
needed to gain the wealth – and security – that comes from owning
property or having pension wealth. Unless action is taken soon, this cycle of
deprivation will continue, with more children continuing to be born into
“We’re currently doing everything we can
within our limited powers to tackle this huge inequality.
“However, the reality is that over the years the
Westminster system has failed to properly address the deep social inequalities
which exist in Scottish society, with generation after generation feeling the
“Tackling and reversing this inequality requires
key economic and social policy levers being in the hands of the Scottish
“That’s why we need the full economic levers
available to us to create a different approach – one that supports our
most vulnerable, encourages people into the workplace and works towards making
Scotland a more equal country to live and work.”
This is the first detailed analysis of Scottish data
from the Wealth and Assets Survey, a Great Britain-wide survey from the Office
of National Statistics. The survey gathers information on the ownership of all
assets by households, including pension wealth, financial wealth, property
wealth, and physical wealth.
full statistical publication is available athttp://www.scotland.gov.uk/Topics/Statistics/Browse/Social-Welfare/income
This publication presents analysis of the Scottish
results from the first two waves of the survey, covering 2006 to 2010. The
analysis was the result of a three month PhD internship sponsored by the
Economic and Social Research Council (ESRC) and hosted by Communities
Analytical Services, Scottish Government.