The research has estimated the total net wealth (that includes the value of residential buildings and financial assets held, less outstanding household debt) as at the end of 2011 at GBP6.6 trillion, which is up from GBP4.3 trillion in 2001.
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The increase, which is 55%, equates to GBP86, 342 per household over the last 10 years.
Meanwhile, over the same period, the retail prices index (RPI) also increased by 38%, while gross household disposable income grew by 44%.
The bank attributed rise in the value of property as the reason for increase in the share of household wealth.
Further, bricks and mortar as a percentage of household wealth increased from 36% in 2001 to 40% in 2011, which is due to the rise in the value of the nation’s private housing stock from GBP2.1 trillion to GBP3.9 trillion over the decade.
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By GlobalDataThe total value of mortgage debt also doubled from GBP591 billion in 2001 to GBP1.25 trillion in 2011.
The bank added that the majority of household wealth continues to be held in the form of financial rather than housing assets.
Suren Thiru, economist at Lloyds TSB Private Banking, commented: "While the financial position of UK households has weakened a little since 2007 as a result of deteriorating economic activity and lower house prices, overall their financial position is a lot stronger than a decade ago."
