{"id":2002,"date":"2015-06-04T09:23:35","date_gmt":"2015-06-04T09:23:35","guid":{"rendered":"http:\/\/my-brains.co.uk\/jackross\/?p=2002"},"modified":"2015-05-29T13:19:25","modified_gmt":"2015-05-29T13:19:25","slug":"your-money-financial-assets-drive-rise-in-household-wealth","status":"publish","type":"post","link":"https:\/\/my-brains.co.uk\/jackross\/your-money-financial-assets-drive-rise-in-household-wealth\/","title":{"rendered":"Your Money: Financial assets drive rise in household wealth"},"content":{"rendered":"

Financial assets such as pensions and shares are\u00a0driving a rise in household wealth, research by Lloyds Bank has suggested.<\/strong><\/p>\n

Based on data from the Office for National Statistics, the study found that total household wealth increased by \u00a31.5 trillion during 2014 to reach \u00a39.1 trillion.<\/p>\n

Household financial assets accounted for much of the growth, increasing in value by \u00a3996 billion. House prices also contributed to the overall growth, rising by \u00a3452 billion in 2014.<\/p>\n

Life assurance and pension funds experienced the biggest price rises increasing by \u00a3757 billion in 2014 and now make up 59% of households’ total financial assets.<\/p>\n

Markus Stadlmann, chief investment officer at Lloyds Bank Private Banking, said:<\/p>\n

“Since 2004 substantial growth in the value of the housing stock and financial assets has boosted net household wealth by close to \u00a34 trillion. A booming housing market up to 2007 coupled with the rising value of households’ financial assets held and a growing number of older households are the key drivers.”<\/p>\n

Manchester accountants Jack Ross\u00a0can plan your personal finances, call today on 0161 832 4451 or email info@jackross.co.uk<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Financial assets such as pensions and shares are\u00a0driving a rise in household wealth, research by Lloyds Bank has suggested. Based on data from the Office for National Statistics, the study found that total household wealth increased by \u00a31.5 trillion during 2014 to reach \u00a39.1 trillion. Household financial assets accounted for much of the growth, increasing… Read More »Your Money: Financial assets drive rise in household wealth<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":""},"categories":[3,12],"tags":[93,92],"yoast_head":"\nFinancial assets drive rise in household wealth - Jack Ross<\/title>\n<meta name=\"description\" content=\"Financial assets such as pensions and shares are driving a rise in household wealth, research by Lloyds Bank has suggested.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/my-brains.co.uk\/jackross\/your-money-financial-assets-drive-rise-in-household-wealth\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial assets drive rise in household wealth - 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