Tuesday 17 October 2017

Possessions peak 'reached by 48'

TVs, DVD players and sound systems top the poll of the most expensive items in people's homes
TVs, DVD players and sound systems top the poll of the most expensive items in people's homes

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).

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