How one in every ten households is worth at least 1m: Property and pension pots push wealth higher

How one in every ten households is worth at least 1m: Property and pension pots push wealth higher Most millionaire households are in the Home CountiesRichest 10 per cent of homes each have assets ‘greater than 967,000But one in every two families have almost nothing, with few assets and little chance of a comfortable retirement as a result | UPDATED: 23:04 GMT, 3 December 2012 One in ten families are millionaires if they include assets such as their homes and their pension pots, official figures revealed yesterday. The figures, from the Office for National Statistics, show the huge wealth of the top 10 per cent in this country at a time when millions are struggling to get by. They also reveal the extent of the North-South divide, with the highest concentration of millionaire households in the Home Counties.

As prices for Damien Hirst"s works plummet, pity the credulous saps who spent fortunes on his tosh

At last, the real shark is exposed: As prices for Damien Hirst’s works plummet, pity the credulous saps who spent fortunes on his tosh PUBLISHED: 00:01 GMT, 28 November 2012 | UPDATED: 11:03 GMT, 28 November 2012 Finally! The market price for Damien Hirst’s art is falling and some of his work is being withdrawn unsold from auctions. While paintings by some of the 20th- century’s great artists such as Picasso and Matisse are still increasing in value despite the financial collapse, Hirst’s prices are down by 30 per cent since their 2008 peak and one in three of his pieces has failed to sell at all.