The survey found that people aged between 18 and 20 added their pair of headphones to the most-prized possession list but as people reached their twenties, a TV and a nice cup of tea took precedence, the Daily Express reported.
Whereas, people in their thirties couldn't live without a car but people in the forties age group chose their laptop while those in their fifties picked their radio and the survey, commissioned by online auction giant eBay, also established that people's priorities change as they get older.
Laura Wilkinson-Rea said that the study explained how people have come to rely on certain things but things change and as they reach certain life stages, they could be a bit stricter on themselves in classifying their lives.
A spokeswoman for eBay revealed that Britons could make back nearly 1,500 pounds if they sold just some of the items they no longer require.
Dr Becky Spelman, Harley Street psychologist, said that the changing essentials reflect people's emotional growth like if a 40-year-old wore the T-shirts and hoodies of a 20-year-old probably felt youthful, but it's important to ask if they were clinging to youth in an unhealthy way.