Brits are worth the most at the age 48, when the value of our possessions peaks at £52,587, according to research from More Than.
The insurance provider asked Brits how much they think they are worth based on the value of belongings in their home and then compared this to findings from the Centre for Economics and Business Research (CEBR), which identifies the actual values based on patterns in annual expenditure.
The research findings suggest that households significantly undervalue the contents of their home. For example, the average 40-something believes they are worth £24,510 when in actual fact a 48 year-old is worth twice that amount (at £52,587). Likewise, those aged 55+ believe they’re worth £25,936 but in reality are worth £45,920.
22% of people admit to never thinking about the value of their home contents and on average believe they’re worth £21,477 when the actual total average is £35,414.
Electronic items, hi-tech gadgets and computers represent three out of five of the most expensive items in our homes today. Meanwhile one in 10 value their wardrobe at over £2,500 and 44% claim large electrical goods have the highest monetary value in the home.
Matt Pernet, head of More Than Home Insurance, said: “Given the importance we seem to place on having the latest gadgets and electronic items