Research carried out by Abigail McKnight at the London School of Economics has found that disabled people, in the UK, have substantially lower household wealth (property, financial and pension income/ownership) – in comparison to non-disabled people – and the impact this has on lifecycle patterns is remarkable. McKnight argues that disabled people face a ‘wealth penalty’ as they experience reduced life chances i.e. difficulty in accessing education and meaningful employment, which impacts on their long term income, as well as extra costs associated with encountering disabling barriers. Ultimately, this means disabled people are less likely to draw on assets in times of need and, therefore, affects their inclusion within society and reinforces inequality.
The research was funded by SCOPE, with data sourced from the British Household Panel Survey and Wealth and Assets Survey.
To read the full study, please visit: http://sticerd.lse.ac.uk/dps/case/cp/casepaper181.pdf
Abigail McKnight is a Senior Research Fellow in Centre for Analysis of Social Exclusion. Her email address is: Abigail.McKnight@lse.ac.uk