Wealth in the UK is measured based on assets like housing, pensions, savings, and income sources like employment, benefits, and self-employment. While the UK has a GDP per capita of £17,300, making it the 19th richest in the OECD and 24th richest country globally, relative and absolute poverty remain issues, with relative poverty defined as lacking necessities and absolute poverty as being deprived of basic needs. Poverty levels grew in the 1980s when the richest 10% saw income rise 65% while the poorest saw a 13% drop, and have remained high, with 1 in 4 people and 1 in 3 children living in poverty. Recent trends show fewer poor families with children or pensioners,

1. Wealth and Poverty in the UK