New millionaires want homes and cars

22nd July, 2005

Most Britons say that if they became millionaires, they would invest in homes and cars, showing a sensible attitude to investment.

Of all the tempting luxury items that could be bought with the money, for example jewellery, boats, clothes and holidays, it shows Britons like to invest for their future and recognise the importance of securities such as houses and home insurance.

Winning the lottery can only be a dream for most of the population and it is important to look after the things that you have now.

Home insurance will protect your home and contents in the event of fire, flood, burglary and other unfortunate occurrences.

Whether objects are new or old, they will doubtless be precious, and most home insurance policies can protect your belongings whether on holiday, at university, on the street or at home.

"This research shows British reserve is still strong. Brits may fantasise about five-star lifestyles, but perhaps due to the increased focus on debt and pensions, it seems a secure future is now seen as a far greater luxury," commented Sally Swait, Premium Bonds manager at National Savings and Investments.

When asked to choose a celebrity lifestyle, six times as many people chose the family life of Jamie and Jools Oliver than the opulence of David and Victoria Beckham's world.

The research similarly shows that people do think of others: along with securing their own financial futures, more than seventy per cent of Britons said they would give several thousand pounds of their winnings to charity.

 

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