Brits spend £50,000 on booze in lifetime

The average Brit spends £49,581 (US$30,000) on booze in their lifetime, with a further one million of the population spending £167,000 (US$271,000).

Based on a Brit drinking from the age of 18 for 63 years, a person’s average yearly spend on alcohol is £787 per year with Londoners found to spend more at £886, according to a survey of 2,000 people carried out by Onepoll on behalf of Macmillan Cancer Support.

Men were found to most freely splash the cash spending an average of £934.44 per year compared to women who spend £678.60.

While 1.3 million Brits are thought to spend triple the average with the country’s big spenders racking up a booze bill of £167,000 during their life.

Age was also found to play a significant part in preference with spirits shown to be the most popular beverage among  those aged 18 to 24, while those aged over 55 preferred to spend their hard earned cash on wine.

Overall, 34% of those surveyed said wine was their preferred beverage.

The research was conducted to mark the launch of Macmillan’s Go Sober for October fundraising event.