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Life 'gets costly at 34'
Inthenews.co.uk ^ | 8/17/06 | Staff

Posted on 08/17/2006 10:30:19 AM PDT by qam1

A person faces the most expensive year of their life when they reach the age of 34, new research has found.

The cost of buying a home and carrying out home improvements on it represent the biggest sources of expense for thirty somethings, according to the poll for Axa Wealth Management.

Purchasing cars, paying for weddings and meeting the cost of taking care of new babies adds to their financial pressures, with average spending hitting £32,441 at the peak age of 34, when people's expenses were found to be at their highest level.

As well as identifying the average age at which people from various generations felt the most financial strain, the survey of almost 2,000 people, carried out by market research group TNS, also examined the most expensive years within different age bands.

Those aged between 25 and 34, representing the youngest age group, said that 26 was their most expensive year, when spending on cars, holidays and honeymoons ate up more of their cash than at any other time.

Meanwhile those within the 55 to 64 year age range said their living costs peaked at 43 due to the price of property, the expense of home improvements and the cost of putting their children through university.

Commenting, Axa spokesman Colin Nelson said: "While 34 was on average the most expensive year in life for all Britons, this study demonstrates that people of all ages face peaks in outgoings which see them having to cope with major expense at different times in their lives."


TOPICS: Business/Economy; Culture/Society; Extended News; Miscellaneous
KEYWORDS: genx
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1 posted on 08/17/2006 10:30:21 AM PDT by qam1
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To: qam1

Interesting, I bought my first house at 33.


2 posted on 08/17/2006 10:31:10 AM PDT by Lx (Do you like it, do you like it. Scott? I call it Mr. and Mrs. Tennerman chili.)
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To: qam1; ItsOurTimeNow; PresbyRev; tortoise; Fraulein; StoneColdGOP; Clemenza; m18436572; ...
Xer Ping

Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations (i.e. The Baby Boomers) are doing that Gen-X and Y will end up paying for.

Freep mail me to be added or dropped. See my home page for details and previous articles.

3 posted on 08/17/2006 10:32:14 AM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: Lx

Mine @ 32. Interesting.


4 posted on 08/17/2006 10:33:10 AM PDT by yobid (Islam - the death cult disguised as a religion)
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To: qam1

Did someone just pick an age out of thin air? I bought my first house when I was 19 years old. The most expensive years are when all the kids are in college.


5 posted on 08/17/2006 10:33:21 AM PDT by caver (Yes, I did crawl out of a hole in the ground.)
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To: Lx

At 34, I had twins, and they both almost died. Most expensive and worst year of my life!!!!


6 posted on 08/17/2006 10:36:24 AM PDT by luckystarmom
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To: qam1
"This study demonstrates that people of all ages face peaks in outgoings which see them having to cope with major expense at different times in their lives."

In other words, this study shows that different things happen to different people, at different times.

I never knew that!

7 posted on 08/17/2006 10:38:27 AM PDT by ClearCase_guy ( “I'm the Emperor, and I want dumplings!” (German: Ich bin der Kaiser und will Knödel.))
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To: qam1
An informal poll of the guys in the office reveals that their most expensive year was the one in which they were divorced.

= )

8 posted on 08/17/2006 10:38:45 AM PDT by Hoplite
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To: qam1

At 34 I enlisted in the navy. I didn't spend a dime. Uncle Sam took care of everything!


9 posted on 08/17/2006 10:39:52 AM PDT by Drew68
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To: qam1

Sweet! I turn 35 next week. I guess I made it over the hump and it's all downhill from here.


10 posted on 08/17/2006 10:39:56 AM PDT by Gator101
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To: qam1

Bought a house at 32...first child born when I was 33...fascinating.


11 posted on 08/17/2006 10:40:08 AM PDT by JRios1968 (This kid knows how to wallop a baseball!!!!!!)
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To: qam1

Bought my vacation property at 33.


12 posted on 08/17/2006 10:40:35 AM PDT by JJR RNCH (Your mother doesn't work here!! Clean up after YOURSELF.)
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To: qam1

Didn't get married until 37. Each year since then has been more expensive than the last.


13 posted on 08/17/2006 10:43:46 AM PDT by PBRSTREETGANG
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To: qam1

Isn't that about the age the metrosexuals move back in with their parents?


14 posted on 08/17/2006 10:49:08 AM PDT by bigbob (2)
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To: qam1

Damn.
I had my first daughter and bought my first home when I turned 34.


15 posted on 08/17/2006 10:49:17 AM PDT by SJSAMPLE
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To: qam1

Bought my 1st house at 31.........but 28 was more expensive, when I got divorced. He expected me to pay of the equity line on HIS house. My lawyer was good, but expensive.


I think it is all relative. I'll be 46 next month, my husband is 51 (Yes, we are among those evil boomers)..we moved to another state 3 years ago, I stopped working to be a full time mom to our now 8 year old.......so for me 40something is far more expensive than previous ages.....


16 posted on 08/17/2006 10:49:20 AM PDT by Gabz (Taxaholism, the disease you elect to have (TY xcamel))
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To: luckystarmom

Wow...blessings to you and the twins!


17 posted on 08/17/2006 10:57:43 AM PDT by jnygrl
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To: Hoplite

At 34?

I may ask around. I think a number of them got divorced before then. And some are paying allimony for a few more years.


18 posted on 08/17/2006 10:58:59 AM PDT by weegee (Remember "Remember the Maine"? Well in the current war "Remember the Baby Milk Factory")
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To: qam1

First and only house at 32 but admittedly it was on my husband's salary because I stay home with our boys. Now I'm 35 and things just seem to get more expensive as the years and responsibilities roll along.


19 posted on 08/17/2006 10:59:36 AM PDT by jnygrl
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To: qam1

What about end of life health costs?


20 posted on 08/17/2006 10:59:37 AM PDT by weegee (Remember "Remember the Maine"? Well in the current war "Remember the Baby Milk Factory")
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To: Gator101
I turn 35 next week. I guess I made it over the hump and it's all downhill from here.

Hate to tell you this, but you're exactly right. sigh

21 posted on 08/17/2006 11:01:34 AM PDT by Lancey Howard
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To: qam1

Got married at 32, just bought my first awesome house at 34 and hope to have my first rugrat at 35. I'm a little later than everyone else, it just took me a bit longer to find the right woman.


22 posted on 08/17/2006 11:04:40 AM PDT by lovecraft (Specialization is for insects.)
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To: Gator101

"Sweet! I turn 35 next week. I guess I made it over the hump and it's all downhill from here."

Actually, at 35 you will GROW the hump (either belly or butt, gender dependent of course). It is all downhill only after you have the hump . And since you now have the hump, downhill is even faster because you're more round!


23 posted on 08/17/2006 11:07:18 AM PDT by RedRightReturn (Even a broken clock is right twice a day...)
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To: qam1

I concur with the article, but I can't complain at all. The kids are worth it!


24 posted on 08/17/2006 11:09:08 AM PDT by balk (Vive le Canada libre... des Libereaux)
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To: RedRightReturn

That's true. The other night I came across my old Army dress jacket. It wasn't just tight...I couldn't even put it on!


25 posted on 08/17/2006 11:46:25 AM PDT by Gator101
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To: qam1

Bah, I bought my first house when I was 22, and when I was 34 it was the first time in about 8 years that I didn't own more than one house.

It's the children that have gotten more expensive.


26 posted on 08/17/2006 11:49:26 AM PDT by CougarGA7 (There are no trophies for winning wars. Only consequences for losing them.)
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To: Drew68
You socialist welfare bum! ........ Just kidding, thank you for your service to our country.
27 posted on 08/17/2006 11:53:50 AM PDT by stevio (Red-Blooded Crunchy Con American Male (NRA))
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To: qam1

My first baby (20); first car payment(30; up until this time we bought with cash); first house, 30). I am hoping by age 34 things will be a little less.


28 posted on 08/17/2006 12:08:28 PM PDT by HungarianGypsy (Like food and fun? Join the Freeper Kitchen ping list.)
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To: Lx

Bought my first house at 30, half my life ago. And yeah, my expenses vs. income ratio has improved exponentially during that time.


29 posted on 08/17/2006 12:20:38 PM PDT by Kenton
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To: RedRightReturn; Gator101
Actually, at 35 you will GROW the hump (either belly or butt, gender dependent of course). It is all downhill only after you have the hump . And since you now have the hump, downhill is even faster because you're more round!

On the other hand, you're more stable going downhill because your center of gravity is lower... ;)

30 posted on 08/17/2006 12:24:48 PM PDT by Kenton
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To: qam1
I'm not doing most of the things we are expected to do.

Not getting married.

Not having kids.

Not buying "lots of stuff".

I'm really well off. My yearly expenses are $18,000 (including mortgage). My yearly taxes are around $45,000 for state/federal income and Mediscare/Social Insecurity. The government takes from me 2.5 times what I spend on myself. I hate taxes.

31 posted on 08/17/2006 12:44:16 PM PDT by xrp (Fox News Channel: MISSING WHITE GIRL NETWORK)
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To: xrp

Oh, and next June is 34 for me.


32 posted on 08/17/2006 12:44:36 PM PDT by xrp (Fox News Channel: MISSING WHITE GIRL NETWORK)
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To: qam1

Interesting. Around that age, a few years ago, I had 2 car accidents (neither my fault), and took a cut in pay. Costly indeed, I'm still trying to catch up.


33 posted on 08/17/2006 12:46:44 PM PDT by fortunecookie
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To: Gabz

You're old.....


34 posted on 08/17/2006 12:48:53 PM PDT by dakine
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To: Hoplite

And the one right after the divorce, spending all the money in the strip bars, and on ball games, LOL.


35 posted on 08/17/2006 5:16:01 PM PDT by phoenix0468 (http://www.mylocalforum.com -- Go Speak Your Mind.)
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To: qam1

Yeah, especially when Mom and Dad finally throw you out.


36 posted on 08/17/2006 5:23:16 PM PDT by ozzymandus
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To: qam1

Pissing contest? I bought my first at 28... sold it at 31... bought my second at 31 and my 3 at 32.... Not bankrupt yet.... How far can you pee?


37 posted on 08/17/2006 5:26:29 PM PDT by Porterville (Hispanic Republican American Bush Supporter)
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To: Drew68

I can't remember what I did when I was 34. It would take me a bit of time to figure the town I was living in at the time...

Sad thing is, I'm only 38.


38 posted on 08/17/2006 5:29:02 PM PDT by stands2reason (ANAGRAM for the day: Socialist twaddle == Tact is disallowed)
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To: xrp

I don't have the stuff or chillins, but I have a husband. So far, he's worth more than he costs, but barely. :-)


39 posted on 08/17/2006 5:34:16 PM PDT by stands2reason (ANAGRAM for the day: Socialist twaddle == Tact is disallowed)
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To: dakine; Gabz

Nuh-uh! She's at a great age. And she hasn't hit her fifties yet! Everyone says that's the best.


40 posted on 08/17/2006 5:36:20 PM PDT by stands2reason (ANAGRAM for the day: Socialist twaddle == Tact is disallowed)
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To: lovecraft
Got married at 32, just bought my first awesome house at 34 and hope to have my first rugrat at 35. I'm a little later than everyone else, it just took me a bit longer to find the right woman.

My husband was over 40 when we got married..........so you're not as late as you think.......our daughter is 8, I'll be 46 next month and hubby is 51.

41 posted on 08/17/2006 6:34:05 PM PDT by Gabz (Taxaholism, the disease you elect to have (TY xcamel))
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To: stands2reason; dakine
Nuh-uh! She's at a great age. And she hasn't hit her fifties yet! Everyone says that's the best.

Aren't you a friend, indeed!!!!

The hubby isn't having a problem with being over 50.......except for the knees.....but that's from more than 25 years of beating up and down ladders...so you can all can your dirty thoughts :)

Me, I'm tired all the time..........of course I'm the one chasing after the 8yo all day ........LOL But I'll get even - that 8 yo and her 8yo friend down the road have a strawberry patch and 2 raspberry patches that nee to be weeded before school starts the day after Labor day........

Those girls will understand what tired means.............

42 posted on 08/17/2006 6:48:16 PM PDT by Gabz (Taxaholism, the disease you elect to have (TY xcamel))
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To: yobid

First House at 32 for me too,


43 posted on 08/17/2006 6:51:57 PM PDT by cmsgop ( President Mahmud Ahmadinejad Must Purify Himself in The Waters of Lake Minnetonka)
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To: Gabz
But I'll get even - that 8 yo and her 8yo friend down the road have a strawberry patch and 2 raspberry patches that need to be weeded before school starts the day after Labor day...

We have been married for over 19 Years and our daughter is also 8 Years of age.
We had her when I was 41 and my wife 31 due to wife's engine malfunction, so I guess we can be called late bloomers!

Let me tell you something...this little girl and her friends are keeping me young and on my toes.
At times I am telling my wife that I am too old for their games and she snaps back at me saying that I can not feel old because I have a young daughter, and I should get my butt in the game and keep it up!

So, I gave up smoking, cut on drinking, put my seat belt on while driving and started to watch my diet.
Bottom line is that the kids(at least mine)can accomplish more so than anything else to change your old habits.

44 posted on 08/17/2006 7:37:02 PM PDT by danmar ("The two most common elements in the Universe is hydrogen and stupidity")
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Comment #45 Removed by Moderator

To: qam1

"a person faces the most expensive moment of their life when they ...." Who are THEY??? A person is NOT a THEY. Fer Crissakes...stop this P.C. grammatical crap NOW!!!!!!!


46 posted on 08/17/2006 7:48:27 PM PDT by szweig
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To: Gator101

My life just keeps getting expensiver and expensiver. I wish it was the same as 34.


47 posted on 08/17/2006 7:52:27 PM PDT by numberonepal (Don't Even Think About Treading On Me)
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To: danmar

We have similar yearage, hubby and I have been together over 18 years........I disagree with you though, the child is making me old, keeping my husband young, but making me old.........

BUT.......I wouldn't trade it for anything!!!!!

I have no clue where the time went.............she was in my arms and totally reliant on me just yesterday.........but today I had to go outside 1/2 a dozen times to figure out where she was.........

As to the other stuff, I was taught to wear a seatbelt when driving, so it' not a big deal to me, it was to the husband, but he now does it without a second thought........

Smoking and drinking..........nope, we haven't stopped either of those habits...........we have just curtailed the where and when.


48 posted on 08/17/2006 7:56:19 PM PDT by Gabz (Taxaholism, the disease you elect to have (TY xcamel))
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To: Lx

I bought my second home at 33 and it has been the most expensive year of my life thus far. Certainly hope it doesn't get any costlier from here on out. :-(


49 posted on 08/17/2006 7:59:20 PM PDT by Ganymede
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To: Gabz
I'll be 46 next month, my husband is 51 (Yes, we are among those evil boomers)

You evil boomer you.
You ain't nothin but a pup! ;^)

But then again, it ain't how old you are, it's the way you handle it.
And I got to say, you handle it well.

50 posted on 08/17/2006 8:02:40 PM PDT by Just another Joe (Warning: FReeping can be addictive and helpful to your mental health)
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