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How Many Uk Pounds Are There Per Uk Person?


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As title.

At what %age of that number do you have to be to be classed as "rich" or "well off", or even "middle class"?

Printed pounds on paper? Coins? Bank deposits? Bank deposits that are tied up for five years? Gilts held by the Bank of England as part of their quantitative easing programme? There's no simple definition of how much money there is, so you need to rephrase your question very very precisely.

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Printed pounds on paper? Coins? Bank deposits? Bank deposits that are tied up for five years? Gilts held by the Bank of England as part of their quantitative easing programme? There's no simple definition of how much money there is, so you need to rephrase your question very very precisely.

That's part of the point of the question.

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Before the credit crunch struck in 2007, there were 7.9million people in Britain who were classified as ‘affluent’.

To be ‘affluent’, you must have more than £30,000 in liquid assets, such as cash, savings, bonds and stock market investments. The value of pensions and property is not included.

Two years later, the number of ‘affluent’ Britons had dropped dramatically by 700,000 to 7.2million by the end of 2009, according to Datamonitor.

http://www.fmwf.com/taxonomy/personal-finance/2010/08/rich-no-more-700000-wealthy-people-wiped-out-by-the-credit-crunch/

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So, from the BOE, 0.4% of M4 is £7.9 billion. Thus M4 is approximately £2,000 billion.

Divvied up between 65 million people gives just over £30,000 per head. Still not alot...?

Edit: Bad maths!

Not certain but the figure will probably come out about the same as gdp per capita (in the domestic currency not inflation adjusted), so this sounds about right.

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Not certain but the figure will probably come out about the same as gdp per capita (in the domestic currency not inflation adjusted), so this sounds about right.

Actually a bit less. 25k ish, coincidently the same as the median income amongst those with a paid job.

And guitarman still whines about feeling poor on his affluent salary :P

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As title.

At what %age of that number do you have to be to be classed as "rich" or "well off", or even "middle class"?

Where are you leading with this? I assume it is to help with some sort of calculation of how much spending power per head is diluted with QE. Actually, theres' no logic to my rambling - it wouldnt work because it just puts more money into the numerator pot with the same denominator.

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