Western expats are most committed to regular savings, says survey

Nearly 84% of the UAE residents believe that they are financially stable, according to a new survey conducted among 2,000 respondents and released by the National Bonds Corporation. Termed the 2015 Savings Index for the UAE, the survey also indicated that the Western expatriates are the most committed to regular savings.

Leading with 48%, Western expatriates are closely followed by Asians at 44%, whereas UAE and Arab nationals scored 28% and 27% respectively. Meanwhile, out of those who save regularly, 87% revealed they save on a monthly basis.

When asked about the likely factors that may adversely affect their savings plan for the current year, 64% cited residential rents as the main concern, 46% chose service bills and 45% mentioned education expenses.