Majority of UAE Residents Are Still Not Saving For The Future
A recent study in the UAE showed that majority of its residents are still not yet saving money for the future. What’s making them stop from saving money?
According to a study released by UAE-based insurance company National Bonds, 86% of UAE residents are not setting aside enough funds for their future in 2017.
The study was conducted last year to 1,5000 participants.
However, in the latest data, it showed 41% of UAE residents have started to save money in 2018, and an additional 57% plan to increase the amount of money they set aside for the future.
Few of the reasons why people can’t save is that they don’t know how to manage finances, struggle to pay credit card, consumption and socializing.