Recession: households �17,000 worse off

853AM GMT twenty-two March 2010

The normal domicile is some-more than �17,000 worse off than they were at the begin of the recession, investigate has showed.

A multiple of residence cost and batch marketplace falls have marked down the worth of the normal household"s resources by �17,480, according to monetary services organisation MetLife.

Retirement on hold for hard-up workers Bank of America raises $13.5bn offered shares Lehman Brothers fall How it compares 2009 will be most worse for the UK economy, but it wouldnt be a finish write-off Property prices Average residence lost �31,500 of worth in past year Negative equity sum reaches 1.2m as houses lose �30,000 in a year

The group, that analysed total from the Office for National Statistics, pronounced people"s domicile wealth, that includes the worth of their home, their grant fund, assets and investments, stood at around �350,600 at the finish of last year.

But people are still improved off than they were in 2008, when �27,000 was knocked off their domicile resources due to the problems in the housing marketplace and batch marketplace falls.

The normal domicile has 39pc of the resources scored equally up in property, with the same suit hold in grant funds.

A serve 11pc is hold in assets and investments, with the change done up from personal possessions, such as cars and domicile items.

Dominic Grinstead, handling executive of MetLife"s UK Branch, pronounced "The finish of the retrogression in the UK is a genuine pointer of goal for the destiny and it is positively great headlines that 2009 saw a climb in normal domicile wealth.

"However, households are still counting the cost of batch marketplace sensitivity and at �17,480 the cost is not trivial."