Subscribe to The Money StopNews Feed

Browse > Home / News, News-Credit-Cards / Londoners spend the most on loved ones

Londoners spend the most on loved ones

March 1, 2008 by admin  
Filed under News, News-Credit-Cards

Leave a Comment

London males spend an estimated £2,458 on their loved ones per year, double the national average, according to the latest figures.

Findings from moneysupermarket.com show that women spend £659 on their partner each year while men fork out £1,326 on items such as anniversary gifts, dining out, flowers and special holidays.

According to the figures, female and male Londoners spend an average of £1,776 on each other compared with those in the north where £873 is spent.

Richard Mason, director at price comparison site moneysupermarket.com, said: “People might laugh at the north where the starry-eyed spend is less than half of that in London, but £873 a year is still a pretty respectable figure.”

“And it’s the Midlands that has the dubious honour of having three per cent of people spending nothing on their partner,” he added.

The research also found that British males spend seven times more on gifts for their partners than on extras for their cars, which came in at £191.

Further findings from the firm show many Brits miss out on the significant tax-free savings available in Individual savings accounts.

Tags: Driving, spending, individual savings accounts, Human Interest, nothing, london

Tags:

Related Entries

  • Northern consumers spend more
    • People in London spend less on nights out and entertainment than consumers in the north and Scotland, according to a new survey. Following research that British singletons have a higher disposable monthly income than those
  • London card holders redeeming £349
    • More and more people are using credit card reward schemes to make some money, with Londoners the best at taking advantage.According to research by Goldfish credit card around 83 per cent of card holders in
  • Londoners most keen on living abroad
    • People living in London are the most likely in Britain to take out a mortgage on a foreign property.New research by Bank of Scotland International (BSI) shows that eight per cent of Londoners already own
  • More savers in the north and spenders in the south
    • More consumers in the south were in the mood to spend than those in the north, reveals the findings from a new financial study. Research from Legal & General showed that 31 per cent of
  • Up to £1.6bn to be spent on Valentines day
    • British spenders are expected to splash out up to £1.6 billion on Valentines day gifts for loved ones, according to a recent survey. Findings from PayPal revealed that the average spend per gift is thought
  • Should Brits take out loans for weddings?
    • As most married couples will already know getting married can be an expensive affair if you want all the trimmings, and those that are looking to have the perfect wedding, entertain guests, provide food and
  • Women fail to cover themselves for critical illness or death
    • For many people having critical illness insurance cover and life insurance cover is vital so that they can be certain that their loved ones are protected in the event that the worst should happen. Critical
  • Neighbours cost homeowners £93.4m
    • Brits spend more than £93.4 million each year on damage caused by their neighbours.New research by Abbey has found that around 543,000 of us have to endure household damage by our neighbours every year.Londoners are

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!