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Physical wealth encompasses the tangible assets individuals own, from cars to clothes. Surprisingly, individuals aged 20-24 often possess about £7,000 worth of goods, accounting for over half of their net worth. This indicates a cultural shift where luxury items have become standard necessities. However, it's notable that physical wealth doesn't grow significantly after one reaches their 30s, suggesting that the accumulation of belongings tends to plateau as individuals partner and share their households, which decreases individual wealth reporting.