Indian-Origin Households Top UK Wealth Charts: LSE Study Reveals Remarkable Surge

• A new London School of Economics (LSE) study, 'The Ethnic Wealth Divide in the UK', shows Indian-origin households leading in wealth accumulation between 2012/14 and 2021/23.
• Indian households saw their median wealth jump from £113,000 to £206,000, driven by high ownership of housing and investment assets, strong saving habits, and higher earnings.
• In contrast, Pakistani households experienced a decline in median wealth from £65,000 to £35,000 due to falling asset ownership, weaker savings, and limited financial buffers.
• Bangladeshi, Black African, and Black Caribbean households remained at near-zero median wealth, facing severe structural disadvantages and rising debt burdens.
• The study highlights that while UK-born Indians show strong generational progress, structural disadvantages persist for UK-born Pakistanis, Bangladeshi, Black African, and Black Caribbean individuals.

Why It Matters: Indian-origin households have remarkably surged to the top of the UK's wealth charts, outperforming other ethnic groups.