Hi Everyone
Part 1 of The Expat Explorer survey, which was commissioned by HSBC Bank International and conducted by third party research company FreshMinds has been published.
This publication is about Expat Economics, and it is the first of three reports.
The report examined the financial circumstances of expats and compares the experiences of people living in different countries. It reveals how expat life has been affected by the global economic downturn and the change in people’s spending and saving habits.
Some interesting findings:
1. Asia is home to the highest paid expats in the world (First Russia then Hong Kong, and Japan follows), while their poorer counterparts can be found in Australia and Western Europe.
2. The UK remains one of the most expensive places for expats to live
3. Expats in Saudi Arabia, Russia and Qatar manage to save more now since moving away from their country of origin than expats in any other country.
4. Popular methods for saving and investing money among expats include, shares, property and managed funds. Property was a popular option in Bahrain and South Africa, while shares are popular for expats in Hong Kong, Japan and Malaysia.
5. 63% of expats worldwide said that the credit crunch has changed their attitude to spending. The most affected expats are based in Russia, US and Japan.
You can find here the full report HSBC Bank International
Expat Explorer Survey 2009
Sharon
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