Possessions peak 'reached by 48'
Published 04/11/2011 | 00:11
Britons' possessions are worth the most when they are aged 48, research has claimed.
The survey found 48-year-olds reach a "possessions peak", with goods worth an average of £52,587 stashed away in their homes. The study was based on findings from the Centre for Economics and Business Research (CEBR), which looked at spending patterns.
But, when questioned, 40-somethings tended to under-value their possessions, believing they were typically worth £24,510. The More Than home insurance survey of 2,000 people revealed that, overall, respondents generally valued their home contents at £21,477.
But CEBR calculated the typical worth to be £35,414, suggesting that people are undervaluing their possessions by £13,937. Researchers found hi-tech goods represent three out of five of the most expensive items in homes generally.
One in 10 respondents valued their wardrobe contents at more than £2,500.
Here are the top five ages when Britons are worth the most and the value of their household possessions:
1. 48 £52,587 2. 50 £49,602 3. 32 £48,854 4. 56 £45,920 5. 35 £44,081.
Here are the top five most expensive items in the home:
1. Large electrical goods (TV, DVD player, stereo/sound system) 2. Computers/laptops 3. Furniture and home accessories 4. Jewellery 5. Electronic gadgets (Smartphone, digital camera, e-readers, iPad, games console).