The Scottish Government said on Thursday that a “typical household” in Scotland has about £239,500 in total wealth.

It said new statistics show average wealth remained stable — while wealth inequality remained high.

A typical household in the wealthiest 10% of households had £1.3 million in total wealth, whereas a typical household in the least wealthy 10% of households had £7,600.

“According to the latest data which covers the period during the pandemic, a typical household in Scotland had £239,500 in total wealth, similar to previous years,” said the Scottish Government.

“A typical household in the wealthiest 10% of households had £1.3 million in total wealth, whereas a typical household in the least wealthy 10% of households had £7,600.

“The least wealthy households rarely own property or have any private pension savings. Their wealth is mainly made up of the value of their possessions such as cars, furniture and clothing.

“Wealth inequality is more severe than income inequality: the 2% of households with the highest incomes had 10% of all income, while the wealthiest 2% of households had 15% of all wealth.

“Households that tend to be wealthier than others are higher income households, pensioner couples, and home owners.

“In contrast, households with below average wealth tend to be low income households, lone-parent and single working-age adult households, and those in rented housing.

“A fifth of households had insufficient savings to keep them above the poverty line for a month should they lose their income.

“Three per cent of households were in unmanageable debt. Just over a third of households did not own any property, and a third of adults had no private pension savings.

“The released figures were produced in accordance with professional standards set out in the Code of Practice for Official Statistics.”