Brits splash the cash on furniture
April 18, 2007 by admin
Filed under News, News-Credit-Cards
Brits are spending more on furniture and furnishings for their homes with the latest figures showing that we spent a combined £13.5 billion in this way during 2005.
The figure equates to an average of around £531.50 per household over the year or £10.22 per week.
Experts have highlighted that the amount spent on furniture and furnishings has rocketed by 70 per cent in the last ten years, with the average spend in 1995 being just £6 per week.
Although the amount being spent in this way is growing rapidly, Halifax says that there is no need to curb our spending as long as it is financed sensibly.
“When it comes to furnishings, we all love filling our homes with creature comforts but this shouldn’t leave you with empty pockets or paying high interest for months afterwards,” said Ken Stannard, head of Halifax Credit Cards.
The firm is encouraging consumers to make sure that they are fully aware of the true cost of any items they buy and wants people to shop sensibly.
Despite the high figures regarding the amount we spend on furniture, it is worth noting that the average person spends just one per cent of his or her disposable income on such items.
