3.7 million “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.
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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.”
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.
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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.