Middle East-based expats are not picking up the savings habits despite earning more than they could back in the UK according to job website Bayt.com.
Its survey of British expats has found that 40.9% of Middle East-based professionals confess to having put nothing aside for a rainy day, while 18.3% admit to saving between just one to 10% of their income. Astonishingly, despite such low savings rates, just under half of those surveyed said they planned to retire at or before reaching the age of 60. Bayt.com says that its research reveals a division between two distinct groups – those serious about saving and those hoping the problem will just disappear. A sizeable number of expats (43.6%) taking part in the survey admitted to not being...
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