Brits collectively spend £4.5bn a year in coffee shops
Research from budgeting account provider thinkmoney found that over a third of UK adults – equivalent to more than 17 million people – visit a coffee shop at least once a week.
Some 1.6 million coffee lovers say that they make more than 15 trips every month.
Based on the average price of one cappuccino, the study found that Brits are spending a staggering £4.5bn every year on their love for coffee.
Almost 1 in 10 of those surveyed said they make between five and 10 monthly coffee shop visits, making their minimum spend around £220 per year. Keen coffee drinkers, who visit more than 15 times each month, spend around £515 per year. That is enough to buy an espresso machine and a year’s supply of coffee.
While two-thirds of people spend up to £5 each time, 1.5 million respondents said they spend more than £10 on hot drinks and cakes each time they do a coffee run.
Ian Williams, a spokesperson for thinkmoney, said: “Coffee shop culture has become a staple of British life, with both the big chains and independent coffee shops now a feature of every high street, railway station and even, bookshops.
“It’s easy to let small costs like takeaway coffees slip under the radar, so seeing how much we spend as a nation is quite eye-opening. Of course, a latte or a piece of flapjack won’t break the bank, we just need to be careful not to let them burn too much of a hole in our pockets. I think a lot of people would be surprised to find out what their annual spend really adds up to.”