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Home » Lifestyle

How Lottery Winners Spend Their Money…

Yasmin Matthews Posted On July 22, 2015
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Ever wondered what most lottery winners spend their cash on? In the past 18 years the National Lottery has created 3,000 millionaires. According to a study by Camelot and Oxford Economics, over £8.5 billion has been won since the National Lottery launched in 1994, with the average win coming in at £2.8 million. So what cars, holidays and luxuries do lottery winners go for? A survey of the spending habits of the 3000 millionaires created since the National Lottery’s launch has given us the following insights…

1. The Big House

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Unsurprisingly property was number one of the list of lottery winners buys. In total £3.3 billion has been spent by lottery millionaires with each winner owning an average of 2.7 UK properties. The majority (82%) changed their main home and spent on average £900,000 on a new place.

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Author

Yasmin Matthews

Yasmin investigates all the little ways people can maximise saving and minimise spending in every aspect of their daily life- including techniques to make money without leaving the sofa!

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