Children under 10 would give lottery winnings to family, survey finds
A recent survey has found that children under the age of 10 would give their lottery winnings to their family.
Share to Buy surveyed one thousand 6 – 10 year olds, revealing the top 10 things that under 10’s would spend their money on if they won the lottery tomorrow. Coming in at the top spot, the majority of children revealed that they would selflessly give the money to their family.
In a close second place, children said they would splash the cash on new toys, followed by spending the jackpot on a holiday. Impressively, alongside sharing their winnings with family, putting money in the bank and giving money to charity also emerged in the top ten.
The full top 10 was as follows:
- Give money to family
- New toys
- A holiday
- A pet
- Buy an island
- Put money in the bank and save
- A house
- A car
- Give money to charity
Nick Lieb, Head of Operations at Share to Buy, comments: “We conducted this survey to examine the short term and long term aspirations of the next generation of home owners. I’m delighted to see a new generation already looking to invest in their future; whether that is by saving money in the bank, gifting money to their families, or aspiring to buy their own home.
At Share to Buy, it’s our mission to support hopeful first time buyers onto the property ladder. It’s now more important than ever to provide affordable housing solutions such as Shared Ownership for future generations, and we are working with some of the sector’s largest providers to deliver truly affordable homes for buyers across the capital and beyond – meaning that these children won’t need a lottery win to afford their first home!”
Shared Ownership offers buyers the opportunity to purchase a percentage share of a property (usually between 25% and 75% of the home’s full market value) paying a below-market-value rent on the remaining share. Buyers can choose to purchase additional shares as and when they can afford to – also known as ‘staircasing’ – allowing them to ultimately own their home outright. The scheme also often requires much smaller deposits than buying a property on the open market.
For budding buyers who believe that purchasing their own home is out of reach, Shared Ownership homes in England can help them take those first steps onto the property ladder. Register with Share to Buy today and search for homes in your area based off of your own requirements and needs, including property type, number of bedrooms, search radius and deposit amount!