Palestinians uncertain as FIFA, UEFA step in to save soccer pitch from Israeli demolition    House panel votes to hold Clintons in contempt in Epstein probe    Trump backs off tariffs threat, says Greenland deal framework reached    Saudi Arabia signs agreement with World Economic Forum to accelerate industrial transformation    Over 78 million faithful visit Two Holy Mosques in a month    Saudi FM meets British, French counterparts in Davos    Northern Saudi cities record coldest temperatures of winter as mercury drops to –3°C    Arab coalition condemns deadly attack on Giants Brigades commander in Yemen    Sha'ban crescent sighted Tuesday    Saudi POS transactions reach 236 million, SR4bn in one week    Al-Khateeb highlights Saudi-UN partnership to shape quality of life in future cities    122 million tourists spend SR300 billion in Saudi Arabia in 2025    Italian fashion legend Valentino dies at 93    Saudi orchestra brings 'Marvels of Saudi Orchestra' to AlUla with 107 musicians    Katy Perry makes Saudi debut at Joy Awards, praises Saudi design and hospitality    Hail wins Guinness World Record with largest off-road production cars convoy    SFDA approves registration of 'Anktiva' for treatment of bladder and lung cancer    Saudi Darts Masters 2026 to offer record $200,000 prize for nine-dart finish    Al Taawoun condemn "repeated refereeing injustice" after late penalty defeat    British boxer Anthony Joshua discharged from hospital after Nigeria car crash    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



40% of the Arab employees don't save and 32% spend 40% of their incomes on rent
66% said that they don't own houses
Published in Alriyadh on 12 - 08 - 2011

The most recent survey that was done by bayt.com showed that 40.9% of professionals in the middle east don't save anything of their family income, while the biggest spending that don't include housing is on food with 40.8%.
The results of bayt.com survey showed the saving and spending directions in the regions of Middle East and Northern Africa, where 18.33% only of the professional in the Middle East save between 1% and 10% of the family income. This is compatible with the most recent study of the consumer trust indicator of bayt.com, where the majority of the professionals in the Middle East said that the increase in the salaries don't meet life expenses. The result o the survey also showed that 32.3% of the professionals in the Middle East spend 21%-41% of their income on rents or mortgages with a percentage of 34.7 that spend more than that. 66.6% of the professionals included in the survey states that they don't own any houses for personal or investing matters, and about 10% that own two or more houses.
40.8% of the participants clarified that their biggest spending is focused on food, while 15.6% said that they spend it on school fees. Transportation, traveling and clothing in total got 23.6%, while it was found that only 1.5% of the professionals' spending in the Middle East is on children accessories, which is the lowest percentage in that category.
The vice president of sales in bayt.com Amer Zoraiqat said that the current distribution of income that is spent indicate that in the first half of 2011 most of it was spent on necessary accessories only, with a very low spending on entertainment or non-essential goods.
He also added that this meets with data gathered by bayt.com that indicate that the current life expenses exceed the salaries that most professionals in the Middle East and Northern Africa get. And when asked on what they will be spending if they had higher income, 20% of the participants stated that they would spend it on the school fees of their children, while 18.5% said that they would spend any extra money on either a car or traveling, with a majority of 57.8% that stated that they travel once a year currently.
1.4% of the professional in the Middle East said that they would use the extra money to buy more accessories for the children.
The results of the survey showed that 36.6% of the professionals in the middle east don't compare goods on internet at all as well as they don't buy it, while 23.4% compare without buying, and 14.3% sometimes buy goods through internet at the time where 14.1% usually compare goods on internet without buying it, and 11.4% usually buy goods on internet.
In regards of investments, 43.6% admitted that they are not practiced in investment, but it shows an attention in learning how to invest, while 22.4% said that they know the benefits of investments with 19.4% of those that limitedly understand investment.
And among those included in the survey, 6.1% don't know anything about investment and are not interested in learning it.


Clic here to read the story from its source.