Would you rather £50,000 than a £1m opportunity?

Many people may opt for a £50,000 guarantee, which in itself is a life-changing sum of money.

Also, the average full-time worker in the UK earns more than £10,000 a year. According to official statistics, External.

But young people generally earn less and yet, According to this survey, External18 to 24-year-olds of any age are willing to take a £1 million bet.

Some 28% go for a coin flip, compared to just 11% of those over 65 – their grandparents’ generation.

There is a different tipping point for everyone. Repeat the survey but offer a £5 guarantee instead or a 50/50 chance of £100, and more people will go for the £100 bet. After all, most people bet at least £2 a week hoping for a National Lottery win.

As those amounts increase, so does your risk appetite.