3 MIN READ | Lifestyle

Study Reveals How Much Money Will You Have Left When You Die – The Swiss Leaves Behind the Most

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, (2021, June 17). Study Reveals How Much Money Will You Have Left When You Die – The Swiss Leaves Behind the Most. Psychreg on Lifestyle. https://www.psychreg.org/money-left-die/
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Research by Our Life Plan takes an in-depth look into saving habits and the cost of living worldwide to reveal which cities are dying with the most money and are dying in debt. 

As Benjamin Franklin once said: ‘Nothing is certain except death and taxes.’ No matter where you live in the world, there is one universal truth (no matter how hard we try to cheat it), and that is that death is inevitable.

From pinching pennies to investing, we all work hard to add to our pension so that our retirement is filled with nothing but ease and enjoyment. However, running out of money is a serious concern for many of us to the extent that some don’t spend as freely as we can when we can finally enjoy it.

But how likely are you to outlive your savings? Knowing that we can’t take our money to the grave, a new study by Our Life Plan takes an in-depth look into saving habits and the cost of living to find which cities are outliving their cash.

The five cities dying with the most amount of money:

Rank

City

Average life expectancy 

Money at death (£)

1

Bern

83

£306,781

2

Luxembourg

82

£298,856

3

Australia

83

£283,110

4

Washington D.C.

79

£196,302

5

Oslo

83

£178,841

Dying with £306,781 per person, the Swiss capital city has been revealed as the city dying with the most money. Home to the scenic Oeschinen Lake, Bern has an average age expectancy of 83, the second-highest after Tokyo (84). From 18 to 65, residents living in Bern have the highest disposable income against all other countries.

The Irish capital Dublin finished off the cities dying with the most amount of money. Centred on a river and edged by a beautiful bay, Dublin places in tenth place and is expected to leave behind £78,968 when residents pass away at an average age of 82.

At the end of the scale, we have Seoul. Living to the ripe old age of 83, habitants of Seoul are not leaving anything behind for loved ones to share – in fact, and they are dying in debt. Looking at the data, we found that Seoul residents are nearly £500,000 in debt when they pass away.

But they aren’t the only ones. Nine other cities have topped the chart of dying with the most debt. Perhaps unsurprisingly, the UK’s capital London has placed in the eighth position. Leaving behind a debt of £243,445, Londoners have an average life expectancy of 83.

Rank

City

Average life expectancy 

Money at death (£)

1

Seoul

83

-£494,027

2

Mexico City

76

-£378,734

3

Hungary

76

– £337,491

4

Ankara

79

-£312,978

5

Paris

83

-£270,752

Bradford ranks as the UK city dying with the most

Determined to find out how this looks closer to home, we have taken a look into the spending and saving habits of different cities around the UK to reveal where Brits are leaving the biggest sum of money when they pass away.

Rank

City

Average life expectancy 

Money at death (£)

1

Bradford

80

£159,920

2

Sunderland

79

£156,205

3

Newcastle upon Tyne

80

£153,707

4

Belfast

79

£150,302

5

Hull

78

£143,029

Bradford comes in at the top with an average life expectancy of 80; those living in this West Yorkshire city are expected to leave behind a huge £159,920. Following in second place is Sunderland, living a year shorter than those in Bradford (79). Mackem is abandoning £156,204 when they die.

Londoners are the only UK residents dying in debt

Rank

City

Average life expectancy 

Money at death (£)

1

London

83

-£243,445

2

Brighton and Hove

81

£33,436

3

Wakefield

80

£61,614

4

Glasgow

76

£77,781

5

Bristol

81

£79,272

It comes as no surprise that the UK’s capital London has come in the first place. Due to their high cost of living (£2,270), Londoners are the only Brits dying in debt. Living two years longer than the rest of the UK, those living in London are expected to leave behind a whopping debt of £243,445 when they pass away at 83.

With an average life expectancy of 81, Brighton and Hove’s residents are leaving behind the smallest amount of money (£33,436), with Brits in Wakefield rounding off the bottom three dying with £61,614 at the age of 80.

Ian Wright, founder of Our Life Plan, comments: ‘Dying with too much money is just as troublesome as dying with not enough. Our findings show many cities are leaving behind a surplus of cash when they pass away, and without proper planning – like making a will – it can be difficult for loved ones to access what you have left behind.’

‘Although it’s not a pleasant thought, planning for our death is just as important as planning for our retirement. It may help to speak with a financial expert to help sort out your financial affairs so that the burden is not left to your family.’

‘The same applies to leaving behind debt. Varying on the type of debt and the country different rules apply – being well informed on how it can affect your family is very important as not all debts disappear when you die.’


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