3,137,000 people over the age of 65 live in millionaire households - where the household wealth is over £1,000,000
• The number of older people living in millionaire households has nearly quadrupled over the last 10 years
• The intergenerational wealth divide has increased sharply
• Older couple households are, on average, more than twice as wealthy as single people
• Since 2010 a typical (median) older couple has seen their wealth increase from under £400,000 to over £700,000
• 53% of individuals over 65 now live in households with over £500,000 in assets
• These figures are based on the Government’s Wealth and Assets Survey 2018-2020, so it is certain that older people’s wealth will now be significantly greater than the numbers above.