St James’s Place – North-South Wealth Divide Deepens

North-South wealth divide deepens, as St. James’s Place’s Financial Health Index reveals extent of economic disparity across the UK

Overall financial health is seven times higher in the South East than in the North East – a significantly greater gap than this time last year
In the last year, regions in the North of England have seen their overall financial health worsen, while those in the South have enjoyed improvements
As cost-of-living pressures continue, more than a third (35%) of the UK do not feel financially resilient, needing a 2.3x increase in wealth to feel resilient, and two-thirds (59%) do not feel financially comfortable
Only a third (34%) of the UK have a financial plan – falling from last year
SJP’s Financial Health Index measures the UK’s wealth and wellbeing, and takes into account how comfortable and resilient regions feel to handle pressure on finances
The financial health divide between the North and South has deepened in the last year, as St. James’s Place’s latest Financial Health Index reveals the economic disparity between UK regions.

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