- Has photos (1 photos)
- Has videos (0 videos)
- Has audio (0 audio)
Millions of Brits rank money more highly than friendship, health – and even their families, a study has revealed. Researchers, who polled 2,000 Brits to find out where money fits into their list of priorities, found many put cash above everything else in their life.
Three out of ten said money was more important to them than their friends, while 28% named it as more of a priority to them than spending time with their family.
More than one in four Brits considered it to more important than job security, while 29% think it is more significant than how happy they are in their career.
A spokesman for Skrill, which commissioned the research, said:
”Money is an important part of our day-to-day lives and something that it is impossible to live without.
”It was interesting to see just how much people perceive they need and the value they place on that income.”
”For many, money is a bigger priority than their friends, and even their own family.”
The study also revealed when Brits are low on cash, socialising with their friends is the first thing to sacrifice for a quarter of people.
Another one in ten save money by going out less with their partner while one in twenty spends less on their families.
Luxuries, such as clothes and fancy food are the most common thing to ditch when you are on a budget, while looking after your health with gym memberships and charitable donations are other things to get the chop.
The study also revealed the average Brit thinks they need £1,722.50 a month to survive, or £1,922.75 a month to be comfortable.
A life of luxury needs an average of £4,413.50 a month.
It also emerged Brits are turning their backs on cash, instead relying on credit or debit cards to pay for their purchases.
More than one in five think physical money will completely disappear over the next 20 years, with internet and even mobile phones being used to pay for items instead.
Already, 30% of people use their debit or credit cards to pay for everything, regardless of how small an amount it is for.
More than half of those polled also think digital wallets or online transfers will see an increase over the next few years, with 38% expecting to spend more online this year than in previous years.