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."
Share this..
Related stories
Mega Bid Sees Wall Street End Session Higher
Aside from the doom and gloom currently prevailing in worldwide stock markets there may be signs of hope emerging in the US with news of a multi-billion dollar takeover bid. It has been announced that Dow Chemical is to acquire Rohm and Hass for nearly $19 billion with finance provided by leading groups including Warren Buffett's Berkshire Hathaway. If the old sage has seen a spot of value in th...
Read MoreBill Gates, The End Of An Era
After 33 years at the helm of Microsoft, Bill Gates will finally hand over day to day control on the 27th June this year. While he will still continue to work one day a week for the company and retain his position as board chairman, the day to day running of Microsoft will be firmly in the hands of Steve Ballmer the group’s Chief Executive.
Ballmer has been at Microsoft for s...
Would a property tax affect property prices?
As the debate regarding the replacement of the council tax system with a property tax system goes on, there is growing anger and concern that any such move could have a dramatic impact on the cost of property in Scotland. While it has to be appreciated that the many parties discussing the options are looking from different points of view, the SNP has forecast that if a property tax was introduced...
Read MoreFirst home 'more important than uni'
Young adults in Britain are reportedly putting off university in order to get a foothold on the property ladder.A survey reveals one in ten potential university students said they have sacrificed their studies in order to put money away to fund their first home.Lloyds TSB, which conducted today's research, says a further third want higher education tuition fees cut to help them become a homeowner....
Read MoreWill The Housing Market Ever be Affordable To First Time Buyers?
The last decade has seen a massive increase in the cost of UK homes and even though prices are under some pressure at the moment, many first time buyers are still affectively locked out of the market because of high prices. This begs the question as to whether first time buyers of the future will be able to acquire their homes in the traditional manner or will they need assistance from the author...
Read More