The Distribution of Assets, Income and Liabilities Across UK Households: Results from the 2005 Nmg Research Survey

10 Pages Posted: 21 Mar 2006 Last revised: 25 Sep 2010

See all articles by Richard Barwell

Richard Barwell

Bank of England

Orla May

Bank of England

Silvia Pezzini

Hong Kong Monetary Authority

Date Written: 2006

Abstract

This article summarises the key results from the latest survey carried out for the Bank by NMG Research about the state of household finances. A relatively small proportion of households accounted for a large amount of the assets owned, income earned and debts owed by the whole sample. The majority of households appeared to be comfortable with their finances. But there were a small number of households who appeared to be in distress: typically they had below-average incomes and no or not many assets to draw on. The proportion of the sample in financial distress was little changed from a year earlier. The survey indicated that very few people viewed bankruptcy as a solution to debt problems.

Suggested Citation

Barwell, Richard and May, Orla and Pezzini, Silvia, The Distribution of Assets, Income and Liabilities Across UK Households: Results from the 2005 Nmg Research Survey (2006). Quarterly Bulletin, Spring 2006. Available at SSRN: https://ssrn.com/abstract=890511

Richard Barwell (Contact Author)

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Orla May

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Silvia Pezzini

Hong Kong Monetary Authority ( email )

3 Garden Road, 30th Floor
Hong Kong
Hong Kong

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