Researchers have conducted a study of savers and spenders across the globe
(Finchannel.com, 2 May 2016). GfK asked over 27,000 internet users in 22
countries to answer a question about saving or spending. The question was how
strongly do you agree or disagree with the statement: I want to enjoy life
today and I will worry about savings and investments later.
The results showed that 34% of online users agreed with the statement –
i.e. that they are spenders (12% agreed completely and 22% agreed somewhat).
About 38% of online users disagreed with the statement – i.e. that they are
savers (14% strongly disagreed and 24% disagreed somewhat).
Hence, the savers and spenders were close, with savers slightly
outnumbering spenders globally. A further 25% of participants in the study were
neutral, and 3% didn’t know.
For women, 40% said they were savers and 33% said they would live life now
and worry about saving and financial security later.
For men, 35% were savers and 36% were spenders.
Participants aged 20-29 years had the highest percentage of fun-lovers who
preferred to save later. Of this age group 41% were spenders. The second
highest age group who were spenders was the teenage cohort (15-19 years of age)
at 37%, and the third highest group of spenders were those aged 30-39 years at
36%. About 26% of people aged 50-59 years and 26% of those aged 60+ years were
spenders.
The savers increased fairly steadily with age, with 34% of teenagers (15-19
years) and 34% of 20-29 year olds were savers. Savers peaked at 43% for 50-59
year olds, with a decline after that to 42% of people over the age of 60 years.
Hong Kong was the only country where the majority of participants were
savers. More than half of Hong Kong participants had a saver mindset, with 54%
of savers. Second was the Czech Republic with 49% of savers, followed by Brazil
with 45% of savers.
MARTINA NICOLLS is the author of:-
The Shortness of Life: A Mongolian Lament (2015), Liberia’s Deadest Ends
(2012), Bardot’s Comet (2011), Kashmir on a Knife-Edge (2010) and The Sudan
Curse (2009).
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