Qualified advisers answering your
Financial Questions
call 0800 092 1245

Expenditure totals worked out by Axa

The amount of money it costs to maintain an average lifestyle has been worked out by Axa, an insurer.According to the firm, today's 18-year-old would spend around £1.75 million across the rest of his or her life.For the average 55-year-old, the total was a still-hefty £624,000.Axa worked out its total spends by monitoring the expenditure habits of 2,100 Britons.The firm also found that the average Briton spends £240 a month on groceries and £68 on going out.Steve Folkard, head of savings and pension policy at Axa, said: "According to Oscar Wilde a cynic knows the price of everything and the value of nothing. We say 'know the price of everything and the value of planning'."We've just experienced a global economic shock, and we're now moving into the aftermath; potentially a prolonged recession… whatever stage of life you're at, you can take control and get your finances back in order."

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details