Over-50s have found a novel way of saving for their future, it has emerged.
Memorabilia and collector's items could be replacing savings accounts as the new way to save for the future, research by Direct Line has found.
One in ten over-50s think purchasing antiques and collectables is a more shrewd way of saving than investing in stocks and shares .
Jamie Breese, ITV’s collectables and antiques expert, comments that pop memorabilia from the 60s is beginning to emerge from people's attics.
"Alternative assets are a valid form of investment and this research proves just how popular they’ve become," he remarks.
Top of the most popular collector's items hoarded by this age group is out-of-circulation money , followed by commemorative royal memorabilia and pop memorabilia.
As some early Beatles records could be worth £4,000 it is likely that some savers may see this as a better investment than a savings account.
Yesterday it was revealed by the Economic and Social Research Council Centre for Competition Policy at the University of East Anglia that bank and building society mergers could be detrimental to savers.
Collectables provide savings for the future, Direct Line reveals
Collectables provide savings for the future, Direct Line reveals
Thu, 09 Aug 2007
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