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Indian households in the UK became the wealthiest ethnic group by 2021–23, while Pakistani households saw wealth declines.
A London School of Economics report reveals that Indian households in the UK saw the largest wealth gains from 2012–14 to 2021–23, becoming the wealthiest ethnic group, while Pakistani households experienced a significant decline in median wealth.
UK-born Indians outperformed both non-UK-born Indians and White British individuals.
Wealth growth was strongest among White British, Indian, and Asian Other groups, driven by consistent income gains and higher home and investment ownership.
In contrast, Bangladeshi, Black Caribbean, and Black African groups saw little to no wealth accumulation, with many having no savings and facing higher risks of downward mobility.
The report attributes disparities to long-term income differences and unequal asset accumulation.
Los hogares indios en el Reino Unido se convirtieron en el grupo étnico más rico en 2021 23, mientras que los hogares paquistaníes vieron disminuir su riqueza.