Helen Nugent

It’s good to share – and it could put money in your pocket

Would you rent out your cat? What about your lawnmower? Or your driveway?

That first one may not be practical but new research shows that, as a nation, we are embracing the sharing economy, whether that’s pets, home appliances or our living spaces.

It’s good to share. My sister has instilled that virtue in her young daughter although, admittedly, neither her nor I were very good at it when growing up. I recall many arguments over weekly deliveries of Just Seventeen magazine, not to mention rows about favourite toys and treasured books.

Maybe if money had changed hands, we would have been better at sharing? According to Lloyds Bank Insurance, last year a third of UK adults engaged in sharing economy transactions with one in 10 unlocking the earning potential of their assets by offering shared services themselves.

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