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Over fifties supplement pensions with collectibles

Over-50s in the UK are investing in collectibles and antiques in an effort to supplement their pensions and in the hope that their hobby will help to pay for a more comfortable retirement.According to research from Direct Line, over the past five years, the age group has spent an enormous £2.5 billion on collecting items ranging from royal memorabilia to comic books to old records.A third of those questioned saw their collections as something to hand on to their children; while a quarter saw their collections as the antiques of the future and a smart investment that would increase in value. A striking one in ten of those questioned said that they thought saving this way was more worthwhile than investing on the stock market.Among the most popular items to collect were old coins and banknotes, pop memorabilia and advertising merchandise from the 50s and 60s. Jamie Breese, ITV's collectables and antiques expert, said: "Alternative assets are a valid form of investment, and this research proves just how popular they've become. "We're starting to see the new generation of antiques emerge in the form of comics and pop memorabilia from the 60s which many people may have lying around in their attics gathering dust."

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