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New Member
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Nov 6, 2016, 10:14 AM
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Main features of the table - finance you and your money
Table 1: Spread of different types of wealth between different types of household in Great Britain in 2010–2012
Can someone please help me with the table below. I have been asked to see if I can understand the data and the key differences and features in the table.
I have made a start but is there anything else I should include, can someone give me any other info.
This is what have got so far:
Table 1 contains different types of wealth between different types of household in Great Britain in 2010-2012. This is outlined in the table by different percentage groups from the poorest 10% of households. The table also outlines different types of wealth which includes property, financial, physical and private pension wealth. It also tells you the number of households in each percentage group which allows you to identify the average for total wealth and the different types of wealth for each household.
From the table you can also identify the most important types of wealth by different percentage groups of households. It is clear to examine the total wealth is much greater as the percentage of wealth in households increases
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£ million |
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Households |
Property Wealth (net) |
Financial Wealth (net) |
Physical Wealth |
Private Pension Wealth |
Total Wealth |
Number of households |
Poorest
10% |
-3,370 |
-13,090 |
17,876 |
2,481 |
3,896 |
2,364,000 |
2nd wealthiest 10% |
1,232 |
-1,420 |
43,524 |
9,627 |
52,963 |
2,379,000 |
3rd wealthiest 10% |
23,202 |
960 |
70,719 |
36,890 |
131,772 |
2,388,000 |
4th wealthiest 10% |
97,605 |
13,356 |
81,511 |
71,474 |
263,947 |
2,408,000 |
5th wealthiest 10% |
200,480 |
24,679 |
90,178 |
112,952 |
428,288 |
2,431,000 |
6th wealthiest 10% |
292,870 |
43,093 |
109,678 |
166,361 |
612,002 |
2,420,000 |
7th wealthiest 10% |
393,692 |
70,675 |
122,588 |
264,815 |
851,770 |
2,443,000 |
8th wealthiest 10% |
505,777 |
127,848 |
141,934 |
424,145 |
1,199,705 |
2,461,000 |
9th wealthiest 10% |
667,232 |
206,105 |
166,560 |
714,890 |
1,754,787 |
2,445,000 |
Wealthiest 10% of households |
1,349,167 |
826,657 |
257,401 |
1,782,170 |
4,215,395 |
2,490,00 |
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BossMan
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Nov 6, 2016, 10:49 AM
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What do YOU think ?
While we're happy to HELP we wont do all the work for you.
Show us what you have done and where you are having problems..
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Jobs & Parenting Expert
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Nov 6, 2016, 11:32 AM
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He has done some work already and needs help:
"I have made a start but is there anything else I should include, can someone give me any other info.
This is what have got so far:
Table 1 contains different types of wealth between different types of household in Great Britain in 2010-2012. This is outlined in the table by different percentage groups from the poorest 10% of households. The table also outlines different types of wealth which includes property, financial, physical and private pension wealth. It also tells you the number of households in each percentage group which allows you to identify the average for total wealth and the different types of wealth for each household.
From the table you can also identify the most important types of wealth by different percentage groups of households. It is clear to examine the total wealth is much greater as the percentage of wealth in households increases"
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New Member
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Nov 6, 2016, 11:34 AM
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As wonder girl has replied I have already made a start which I have included a paragraph in my post. I just need a little more help as to what else I can include
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current pert
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Nov 6, 2016, 12:27 PM
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Here's my critique of what you wrote:
...different types of wealth between different types of household.. --- what do the 'types of wealth' mean? You need to define each one. 'Different types of households' is actually more vague than the chart itself. It's clear that the 'types' are where each one ranks from poorest to richest.
...different percentage groups from the poorest 10% of households. --- I think you mean 'from the poorest to the richest.' Your wording is confusing.
...different types of wealth which includes property, financial, physical and private pension wealth. --- AND?? Again, you need to research each term.
It also tells you the number of households in each percentage group which allows you to identify the average for total wealth and the different types of wealth for each household. --- Redundant, obvious.
...identify the most important types of wealth by different percentage groups of households... Be careful about that word important. What do you mean? Highest number means most important? Does it really? Explain. (I don't agree.) Or do you mean the chart includes ONLY the most important types of wealth? What other kinds are there? You sure they aren't all there?
It is clear to examine the total wealth is much greater as the percentage of wealth in households increases. --- 'clear to examine' is awkward English. You can just say 'It is clear that the total wealth is etc...' But that seems redundant too. Of course the wealth is greater as the percent increases.
Now that you have stated the obvious, DEFINE THOSE TERMS, and then shorten your statements to leave out the obvious. THEN start thinking about what you can theorize about what you said were 'important' numbers. Why are they important? If not, why not? Take an example: in the 50% group, a house (property) is valued at twice what the pension is worth. The top % has a pension worth more than the house is worth. What does that mean to you, if anything?
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New Member
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Nov 6, 2016, 01:18 PM
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Originally Posted by joypulv
Here's my critique of what you wrote:
...different types of wealth between different types of household.. --- what do the 'types of wealth' mean? You need to define each one. 'Different types of households' is actually more vague than the chart itself. It's clear that the 'types' are where each one ranks from poorest to richest.
...different percentage groups from the poorest 10% of households. --- I think you mean 'from the poorest to the richest.' Your wording is confusing.
...different types of wealth which includes property, financial, physical and private pension wealth. --- AND?? Again, you need to research each term.
It also tells you the number of households in each percentage group which allows you to identify the average for total wealth and the different types of wealth for each household. --- Redundant, obvious.
...identify the most important types of wealth by different percentage groups of households... Be careful about that word important. What do you mean? Highest number means most important? Does it really? Explain. (I don't agree.) Or do you mean the chart includes ONLY the most important types of wealth? What other kinds are there? You sure they aren't all there?
It is clear to examine the total wealth is much greater as the percentage of wealth in households increases. --- 'clear to examine' is awkward English. You can just say 'It is clear that the total wealth is etc...' But that seems redundant too. Of course the wealth is greater as the percent increases.
Now that you have stated the obvious, DEFINE THOSE TERMS, and then shorten your statements to leave out the obvious. THEN start thinking about what you can theorize about what you said were 'important' numbers. Why are they important? If not, why not? Take an example: in the 50% group, a house (property) is valued at twice what the pension is worth. The top % has a pension worth more than the house is worth. What does that mean to you, if anything?
Hello,
thank you for your post. It has slightly made things clearer. Just a quick question, in terms of the households from poorest to richest and where you provided your example, would this have anything to do with the type of people living in the house, which has an affect on each of the values, i.e. pension wealth as you mentioned
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New Member
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Nov 6, 2016, 01:29 PM
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Originally Posted by nargis123
Hello,
thank you for your post. It has slightly made things clearer. Just a quick question, in terms of the households from poorest to richest and where you provided your example, would this have anything to do with the type of people living in the house, which has an affect on each of the values, i.e. pension wealth as you mentioned
I have looked over my notes for this question and it states I should only focus on what I consider to be the main elements of the table
'Start with what the table is about (in particular how to read the cells). You can examine the most important types of wealth held by different percentage groups of households and you might also compare the proportion of total wealth in the UK that is held by different decile groups of households. It is important to note that you are not being asked to suggest explanations for why these differences and changes occurred, but only to describe the main features that you see.'
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current pert
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Nov 6, 2016, 03:08 PM
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Then the teacher goofed, saying 'examine the most important' when he or she meant, I assume, the highest dollar one. But I don't like assuming that. (In fact you could write a whole paper on that.)
Any, go back and define the terms, in detail. That's the crux of the matter, because everything else is just as you see it.
You aren't supposed to be thinking about the type of people living a house - nothing matters but dollar amounts, until you compare them with other values and see if you have a theory. Which the teacher doesn't want you to do.
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