Students are getting richer, says Direct Line Home Insurance

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Students are getting richer, says Direct Line Home Insurance

Student wealth has increased by 50 per cent since 1996, according to a new study on the subject by Direct Line Home Insurance.

The popular sitcom the Young Ones portrayed an image of impoverished students struggling to get by, but the latest research shows the value of student's possessions has significantly increased in the last decade.

A long list of "must have" gadgets such as laptops, iPods, DVD players and widescreen TVs means the average student now has almost £3,000 worth of personal belongings.

Direct Line Home Insurance spokesperson, Simon Ziviani, commented: "The wealth of today's students really is proof that times are changing and that the majority now enjoy a degree of affluence."

"With university set to start back shortly, students are advised to either take out their own insurance or check to see if their parents' policy covers them."

Direct Line offers a ten per cent discount when home insurance policies are purchased online.

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