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Brits waste wages on pointless purchases

The British public is wasting a huge £169 billion a year on items they don't need, according to new research.The study by Abbey Savings showed that the average person had £3,685 worth of 'pointless purchases', with clothing, footwear and china coming top of the list of unused items.Women appeared to have the most unused clothes and shoes, but men were the worst for collecting gadgets like video cameras and games consoles and then not using them, with 28 per cent committing the crime of senseless spending.Exercise equipment and gym membership also featured high on the list of things we waste our money on.Reza Attar Zadeh, head of savings at Abbey, said: "It seems that the majority of Brits aren’t making their assets work hard enough for them. "With 64 per cent of UK adults having bought a big ticket 'pointless purchase', we'd recommend that people consider carefully where they are investing their hard earned cash."

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