People 'spend ?1.5m' during lives
People spend more than ?1.5m during their lives
An average Briton will spend ?1,537,380 during his or her lifetime, a survey from insurer Prudential suggests.
Housing, food and clothes are the biggest expenses, costing ?552,772 on average during a lifetime.
The next biggest outgoing is tax, with the average person paying ?286,311 in income and council taxes. Leisure and going out cost ?236,312 on average.
Prudential arrived at its figures by multiplying how much people said they spent by average life expectancy.
Lifetime cost of living across UK
London ?2,043,950
Scotland ?1,499,375
Northern England ?1,489,416
Southern England ?1,465,975
Midlands and Wales ?1,405,677
Source: Prudential
The average spending statistics were based on the Office for National Statistics Household Spending Survey and a separate survey of more than 2,000 adults.
The results highlighted major differences in spending and saving levels between north and south.
The lifetime cost of living in London was estimated to be more than ?500,000 more than the UK average.
Unless ya name is Cyclops or Kate Pinder in which case the decimal point is 6 places the wrong way!!
People spend more than ?1.5m during their lives
An average Briton will spend ?1,537,380 during his or her lifetime, a survey from insurer Prudential suggests.
Housing, food and clothes are the biggest expenses, costing ?552,772 on average during a lifetime.
The next biggest outgoing is tax, with the average person paying ?286,311 in income and council taxes. Leisure and going out cost ?236,312 on average.
Prudential arrived at its figures by multiplying how much people said they spent by average life expectancy.
Lifetime cost of living across UK
London ?2,043,950
Scotland ?1,499,375
Northern England ?1,489,416
Southern England ?1,465,975
Midlands and Wales ?1,405,677
Source: Prudential
The average spending statistics were based on the Office for National Statistics Household Spending Survey and a separate survey of more than 2,000 adults.
The results highlighted major differences in spending and saving levels between north and south.
The lifetime cost of living in London was estimated to be more than ?500,000 more than the UK average.
Unless ya name is Cyclops or Kate Pinder in which case the decimal point is 6 places the wrong way!!