Number of UK Millionaires Falls to Lowest Level Since 2008 Financial Crisis The recent decline in the number of millionaires residing in the UK is a concerning trend that warrants closer examination.
According to data from the Adam Smith Institute, the number of millionaires has fallen by 7% since 2024, reaching its lowest level since the 2008 financial crisis.
This drop can be attributed to various factors, including falling asset prices, high net worth individuals leaving the UK, and a low household saving rate.