3.7m "mass affluent" in the UK
Howard Lake | 1 April 2001 | News
The number of individuals with substantial wealth under the £1 million level has increased significantly in the UK and Europe over the past five years, according to Datamonitor.
The number of individuals with substantial wealth under the £1 million level has increased significantly in the UK and Europe over the past five years, according to Datamonitor.
So-called “mass affluent” individuals are likely to be male, aged 35+ and live in the South-East. Datamonitor reports that “7.9% of the population can be classed as ‘mass affluent’, having liquid assets of £30,000-£200,000.”
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In addition, the number of millionaires has grown “at over 17% per year since 1995 to 73,990 in 2000.”
Datamonitor released these figures as it launched its Global Wealth Service to serve the “mass affluent.”
Read Wealthy Britain: 3.7 million are ‘Mass Affluent’, 74, 000 are Millionaires at Datamonitor.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.