Expats are feeling the effects of the credit crunch abroad yet 60% believe their economic situation is better than in the UK, according to Halifax International.
The firm's Expat Mood Monitor research found over half of expats have noticed a drop in their disposable income since January 2008, with almost 45% observing a 10% decrease or more. Nearly two thirds of the 1,153 expats surveyed globally have also seen their overall investment portfolios plunge. However, just over 60% believe the economic situation in their current country of residence is better than in the UK. Following the recent fall in the value of the pound a quarter of expats noticed a 10% increase in their buying power when converting their currency to sterling. Meanwhile, pr...
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