Friday 7 December 2012

Average Brit to make a million by 56 according to the Pru'

No, that doesn't mean that every Brit will win the lottery by the age of 56, but according to the Prudential that's the amount of money that Mr and Mrs Average would expect to earn by that age. For men it's even better, you should expect to reach the figure by 50 while for women, still lagging behind in the money equal opportunities stakes, it is 72. By 65 you should expect to hit the £1.2 million mark. Along the way however, you will on average pay £137,101 in income tax and £84,129 in income tax mark 2 otherwise known as National Insurance.

Of course, most of the above will be well and truly understated if you happen to be in your 30's now given the rate of monetary credit inflation that banks and central banks like to create. Winning a million on the lottery probably won't be much help in 50 years time either, by then it will probably be lottery billions.

http://www.moneyvista.com/news/news-articles/average-brit-to-make-a-million-by-age-56/

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