41% of executives in Mideast ‘save nothing’
By timebandit •
41% of executives in Mideast ‘save nothing’ |
| About 41% of Middle East professionals save nothing from their income with the biggest non-housing expenditure being on food (40.8%), according to a new survey. A poll by Bayt.com, an online recruitment service, shows that only 18.3% of Middle East professionals manage to save between 1% and 10% of their income. |
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Would be interesting if they could also some time check how much this professionals actually contribute to the companys profitability, revenue and development. Some of this so called professionals are out here on extended holidays and to have a good time.
Agree with Vegas on 80% savings with all fun and more fun that goes in between.... :)
LOL that was funny
Ugh! Talk about savings! it's a hard thing to do., i even bought myself a piggy bank... oooppss.. coin bank (as pig is not allowed here) and still did not manage to save some! ggggrrrr......
I can't save a thing between rent, food, transportation, etc. :(
Barsteward!
Make it 90%
Not sure but I think Vegas is one
Would be interesting to know what categories are classed as executives?
I hate you Vegas grrrrrrrrrrr....
And still live well...Why be here if your not saving???
True,even those who are not executives are saving less.. I myself save 1% to 10% of my income..some go to family and buying things i love esp.clothes,shoes,accessories and bags..all these things ruin my financial plan everytime..:(
Yep! very true. With the cost of living here lucky if you even manage to save 10% of your earning.
the 59% savers should be earning 100,000/- monthly or hold a PHD in saving skilss.
me no executive! but still cant save anything
bec. they live a luxurious lifestyle... its their life, money & choice...
Are we talking Expat executives or Locals ?
I use to be a parrot but I'm alright now, alright now.
Once they start earning handsome amount and being teenagers they want to buy al kind of newest cameras mobiles Ipads and also they want to try great god food alongwith roaming around.that is why they are not able to save much...
Once they start earning handsome amount and being teenagers they want to buy al kind of newest cameras mobiles Ipads and also they want to try great god food alongwith roaming around.that is why they are not able to save much...
People elsewhere go on about how i must be "saving a fortune because you don't pay any taxes!" & i have to gently remind them if something costs 10 bucks,it doesn't matter if that is 9 bucks cost + 1 buck tax(like they pay) or just 10 bucks flat(like i pay),one ends up paying 10 bucks for it either way which is pretty much the story here,sure things are tax-free but rents & cost of things are so high as it is that one ends up spending a lot anyways & paying rent alone takes up so much & it is a rent mind,NOT a mortgage so we get NOTHING back from it...how does it make a difference to one's bank balance if one pays costs + tax or just higher costs if the amount going out remains the same?...
no wonder, u were collecting 5990.50 in the other thread.....:(
Not just me then :)