It feels to me like the hairs of the nobility are doing amazingly well. That is more than enough money to support a lifestyle of leisure. Such a lifestyle is not available to the vast majority of people. So it seems like they mostly did secure a superior existence for their heirs.
This is only true if you restrict “nobility” to Great Britain and if you only count “nobles” those who are considered such in our current day. This is a confusion of the current British noble title (specifically members of “Peerage of Great Britain”) with “land owning rentier class that existed before the industrial revolution”. For our discussion, we need to look at the second one.
I do not have specific numbers of UK, but quoting for Europe from wikipedia (https://en.wikipedia.org/wiki/Nobility#Europe): ”The countries with the highest proportion of nobles were Polish–Lithuanian Commonwealth (15% of an 18th-century population of 800,000[citation needed]), Castile (probably 10%), Spain (722,000 in 1768 which was 7–8% of the entire population) and other countries with lower percentages, such as Russia in 1760 with 500,000–600,000 nobles (2–3% of the entire population), and pre-revolutionary France where there were no more than 300,000 prior to 1789, which was 1% of the population (although some scholars believe this figure is an overestimate). In 1718 Sweden had between 10,000 and 15,000 nobles, which was 0.5% of the population. In Germany it was 0.01%.[46]
In the Kingdom of Hungary nobles made up 5% of the population.[47]All the nobles in 18th-century Europe numbered perhaps 3–4 million out of a total of 170–190 million inhabitants.[48][49] By contrast, in 1707, when England and Scotland united into Great Britain, there were only 168 English peers, and 154 Scottish ones, though their immediate families were recognised as noble.”
Based on above, I think expecting 1% to be landed rentier is a conservative estimate for 18th century for whole Europe. Even if we go with one tenth of this, expecting 0.1% of the population to retain this (which would imply that their population dropped while all other classes increased dramatically), would mean about 68 thousand people in the UK, and over 700 000 in whole Europe.
AND they are expected to live off from rents of land. I doubt that living of land rents is true for the majority of the 1500 current British nobles you referred to.
Not fully. Most of the nobility is gone. Only like 0.01% remains maybe what could be called “rentier”, or even less compared to what had been before.
It feels to me like the hairs of the nobility are doing amazingly well. That is more than enough money to support a lifestyle of leisure. Such a lifestyle is not available to the vast majority of people. So it seems like they mostly did secure a superior existence for their heirs.
This is only true if you restrict “nobility” to Great Britain and if you only count “nobles” those who are considered such in our current day. This is a confusion of the current British noble title (specifically members of “Peerage of Great Britain”) with “land owning rentier class that existed before the industrial revolution”. For our discussion, we need to look at the second one.
I do not have specific numbers of UK, but quoting for Europe from wikipedia (https://en.wikipedia.org/wiki/Nobility#Europe):
”The countries with the highest proportion of nobles were Polish–Lithuanian Commonwealth (15% of an 18th-century population of 800,000[citation needed]), Castile (probably 10%), Spain (722,000 in 1768 which was 7–8% of the entire population) and other countries with lower percentages, such as Russia in 1760 with 500,000–600,000 nobles (2–3% of the entire population), and pre-revolutionary France where there were no more than 300,000 prior to 1789, which was 1% of the population (although some scholars believe this figure is an overestimate). In 1718 Sweden had between 10,000 and 15,000 nobles, which was 0.5% of the population. In Germany it was 0.01%.[46]
In the Kingdom of Hungary nobles made up 5% of the population.[47] All the nobles in 18th-century Europe numbered perhaps 3–4 million out of a total of 170–190 million inhabitants.[48][49] By contrast, in 1707, when England and Scotland united into Great Britain, there were only 168 English peers, and 154 Scottish ones, though their immediate families were recognised as noble.”
Based on above, I think expecting 1% to be landed rentier is a conservative estimate for 18th century for whole Europe. Even if we go with one tenth of this, expecting 0.1% of the population to retain this (which would imply that their population dropped while all other classes increased dramatically), would mean about 68 thousand people in the UK, and over 700 000 in whole Europe.
AND they are expected to live off from rents of land. I doubt that living of land rents is true for the majority of the 1500 current British nobles you referred to.