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The Distribution of Income and Wealth

  • Julian Le Grand
  • Ray Robinson
Chapter

Abstract

Contrary to popular mythology, Britain is still an unequal society. The richest fifth of the population receives over 40 per cent of the national income, while the bottom fifth receives just 6 per cent. The top 10 per cent of wealth holders own over half the nation’s marketable wealth. Official estimates indicate that over one-and-a-quarter million families were in poverty in 1977; poverty expert Peter Townsend, using a broader interpretation of poverty, suggests that nearly a quarter of all families in the United Kingdom are poor.

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Copyright information

© Julian Le Grand and Ray Robinson 1984

Authors and Affiliations

  • Julian Le Grand
    • 1
  • Ray Robinson
    • 2
  1. 1.Department of EconomicsLondon School of Economics and Political ScienceUK
  2. 2.School of Social SciencesUniversity of SussexUK

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