Indian-Origin Wealth Soars in UK, Ethnic Wealth Gap Widens: LSE Study

• Indian-origin adults in the UK saw a "substantial" rise in median wealth over the last decade, according to a new LSE study.
• The wealth gap between ethnic groups in the UK "widened significantly," with gains concentrated among white British and Indian ethnic groups.
• Adults from the Pakistani ethnic group experienced a "marked decline" in wealth, while Black African, Black Caribbean, and Bangladeshi groups saw little change.
• Wealth gains were disproportionately higher among those at the top across all groups, driven primarily by homeownership and asset ownership, not just savings.
• The study calls for policies to boost earnings, expand saving capacity, and improve access to asset markets to close the wealth accumulation gap.

Why It Matters: Indian-origin adults' wealth grew significantly in the UK, but overall ethnic wealth inequality sharply increased.