Few of the UK’s 715000 millionaires have cash to flash – it’s all tied up in their house thanks to the Bank printing money. This is neither useful nor sustainableGood news. We’re all wealthy. Well,lots of us peer like we are wealthy on paper anyway. Numbers out from Barclays this week tell us that one in 65 UK adults (715000 people) is officially a millionaire the value of their houses and their investments adds up to more than one million pounds. Now we all know that £1m isn’t what it used to be but it’s still a pretty proper pile of cash. Related: One in 65 UK adults now a millionaire, figures explain Continue reading...
Source: theguardian.com