Money dreams downgraded by economy

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Forget dreams of becoming a millionaire, cash-strapped consumers say £354,000 would be enough to change their lives forever, a survey has revealed.

More than half (51 per cent) of people said that £50,000 or less would be a life-changing sum of money, according to the study, carried out to mark the launch of new Channel 4 game show The Bank Job.

More than half (55 per cent) did not agree with the statement “the money wouldn’t change me” and one in five even said that money was more important to them than friends and family. While people said £354,000 would change their lives, women want slightly less than men – typically settling for £306,000 compared with £403,000 which men said they would need.