That’s an eye-catching, mind-boggling number. I read it in The Times just a few days ago, so it must be true. It is the amount of wealth owned by older people in the UK.
£ 4, 700, ooo, ooo, ooo.
I can’t quite believe it. It’s a heck of a lot of noughts. So where is it all ? I guess the Queen has a fair bit of it stashed away in the crown estates. Then there are all the billionaires that Mr Corbyn keeps banging on about, although their’s is probably hidden away in tax havens around the world. Then finally you come to Mr and Mrs Average Older Person whose hard earned wealth has been accumulated over a lifetime of graft.
There are estimated to be 12 million pensioners in the UK, so what if we ring-fenced all this elderly wealth and shared it out equally between all of them ?
Thats £4.7 trillion divided by 12 million, which works out at about £ 4 million each 😀.
That doesn’t sound right, but hey ho, it better than the State Pension.
What would we do if we spent all that money on ourselves ???? It is a bit too much to keep under the mattress 🤡
My next few blogs will explore different ideas ……….