Summary
BRITISH households typically spent pounds 5,850 over the last year on lifestyle essentials such as holidays, takeaways and haircuts, says a new survey. Despite feeling the squeeze from the rising cost of living, LV found that Britons still managed to spend pounds 149 billion on such little luxuries, up pounds 5.7 billion on the previous year. The research found the lifestyle essentials had an overall inflation rate of 3.6% in the 12 months to August 2011, more than the increase in the nation's pay packets of 2.9% over the same period.
More than three-quarters (77%) of those surveyed are making financial cutbacks to afford the little treats which they deem as important. Nearly half (47%) said they were buying cheaper food or food that was not a well-known brand, while a third take their own lunch to work. Just over one in 10 take their coffee or tea to work in a flask.See the full content of this document
Extract
We Spend Pounds 6,000 a Year On Those Little Luxuries
HOW British household...
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