The new research by MORE TH>N insurance predicts that the typical ‘lifesworth’ of British nuclear families - the ‘average’ family of two parents and 2.4 children - will rocket from £70,848 to £90,422 by 2013. The increase of almost 30% (£19,574) will be generated as people look to improve their living-space by upgrading their furniture and possessions, rather than risking a house-move while the property market is so volatile.
But it’s not the just the next five years that bode well for nuclear families- the next two decades look pretty rosy too. In 10 years, the average family will be worth £124,692 and in 15 years, £159,408 - that’s increases of 75% and 125% respectively.
The figures were calculated as part of MORE TH>N’s Lifesworth project, which shows how an individual’s value increases and decreases as the decades tick by or their circumstances change.
