Britons Spend More to Drink Than Dress
Britons now spend more money on wine, beer and spirits than on clothes.
The Royal College of General Practitioners said in a study published Wednesday that the adult population of Britain drank about twice as much alcohol in 1984 as it did in 1950.
It said that the price of alcoholic drinks has been halved in real terms since 1950. The downward price trend was one of the main reasons why more people are turning to alcohol as a social drink, according to the study.
The British spent $16 billion on wine, beer and spirits in 1984. That was 7.5% of all consumer expenditures and exceeded the $14.3 billion spent on clothing.