From banking in bed, to investing in stocks and shares on the loo, the average Londoner spends nearly one day per week (22 hours) on their phone doing life admin. Four hours more than the rest of the nation who spend 18 hours per week ticking off their to-do list.
A study* by Lloyds looked into the weird and wonderful places Brits decide to do their all-important life admin and the results show that those in London have a special way of getting things done.
Being time stretched with a never-ending list means one thing: having to multitask. It’s therefore unsurprising, that two-fifths of Londoners invest more of their time in conducting a special type of business compared to the rest of the UK: making major life decisions while on the loo (40% vs 32% national average).
With the majority (87%) of those in London saying mobile apps have allowed them to multitask and save time, it’s no wonder that over a third (38%) feel they know exactly where their money is going; against the national average of 33%.
A nation of multitaskers
Londoners like to play smart with getting their admin done, however, by making their money work harder while they get comfortable. Almost a third (29%) invest in stocks and shares while in bed, compared to a national average of 22%.
But it does seem like people in London aren’t the only ones that enjoy multitasking – in fact, it looks like it is becoming a national pastime, with over half (57%) of Brits checking their bank balance in bed.
Some don’t want to break the bed or the bank, with almost a quarter (22%) applying for a loan while in bed. Others opt for more serious bedtime reading, with over a third (38%) checking their credit score as they get cosy in the sheets.
Tas Bhamji, Digital Engagement Director at Lloyds says: “Technology is changing how we make day to day decisions - and managing our finances is no exception.
“With the whirlwind of everyday life, we want to make sure managing your money is as easy as possible. Our refreshed banking app puts the power of people's finances directly in their hands.
"Whether applying for a mortgage or checking your credit score, you can do it wherever, whenever - from the comfort of your own bed, at the gym or even between meetings... we'll just leave it up to our customers to decide whether or not it's an appropriate time to be checking their balance!”
Notes*This research of 2,000 Britons was commissioned by Lloyds Bank and conducted by Perspectus Global during October 2024.