he typical family is five times richer than 50 years ago

this story might suit the condition in UK only
Families five times richer than in 1959 | Mail Online

The typical family is five times richer than 50 years ago, thanks to rising property prices, more pensions and savings.

An average household has wealth in bricks and mortar, cash and assets worth just under £237,000, according to a bank survey.

The greatest advance for family wealth came during the Eighties, when the value of homes nearly doubled and the birth of a shareholder democracy brought unprecedented financial assets to ordinary people.

But since 2000 the pace of growth has slowed and the recession has made the average family poorer over the past two years, the study for the Halifax showed.

The findings underline how, despite regular economic slowdowns and disruption, the growth of global trade and finance over the past five decades has transformed the lives and expectations of millions.

Halifax economist Nitesh Patel said: ‘The past half century has seen a dramatic increase in wealth for UK householders.

‘In addition to greater overall economic prosperity, Government policy measures such as “right to buy” and the privatisation of nationalised industries, coupled with the liberalisation of financial markets, have provided the impetus for increased household wealth in the forms of both housing and financial assets.’

He added: ‘The financial position has weakened since 2007 as a result of deteriorating economic activity and reduced house and share prices.