Asia Pacific Middle East Africa
A survey of women consumers across Asia Pacific Middle East Africa (APMEA) comprises basic money management, financial planning and investment. The top ten of APMEA Women MasterCard's Financial Literacy Index are: Thai 73.9, New Zealand 71.3, Australia 70.2, Vietnam 70.1, Singapore 69.4, Taiwan 68.7, Philippines 68.2, Hong Kong 68.0, Indonesia 66.5 and Malaysia 66.0.
A nationwide survey was conducted by SEDCO HOlding in Saudi Arabia to understand the level of financial literacy in the youth. The survey involved a thousand young Saudi nationals and the results showed that only 11 percent keep track of their spending; although 75 percent thought they understood the basics of money management. An in-depth analysis of SEDCO’s survey revealed that 45 percent of youngsters do not save any money at all, while only 20 percent save 10 percent of their monthly income. In terms of spending habits, the study indicated that items such as mobile phones and travel account for nearly 80 percent of purchases. Regarding financing their lifestyle, 46 percent of youth rely on their parents to fund big ticket items. Fortunately, 90 percent of the respondents stated that they are interested in increasing their financial knowledge.
Read more about this topic: Financial Literacy
Famous quotes containing the words asia, pacific, middle, east and/or africa:
“I have no doubt that they lived pretty much the same sort of life in the Homeric age, for men have always thought more of eating than of fighting; then, as now, their minds ran chiefly on the “hot bread and sweet cakes;” and the fur and lumber trade is an old story to Asia and Europe.”
—Henry David Thoreau (1817–1862)
“The doctor of Geneva stamped the sand
That lay impounding the Pacific swell,
Patted his stove-pipe hat and tugged his shawl.”
—Wallace Stevens (1879–1955)
“Unfortunately, life may sometimes seem unfair to middle children, some of whom feel like an afterthought to a brilliant older sibling and unable to captivate the family’s attention like the darling baby. Yet the middle position offers great training for the real world of lowered expectations, negotiation, and compromise. Middle children who often must break the mold set by an older sibling may thereby learn to challenge family values and seek their own identity.”
—Marianne E. Neifert (20th century)
“I’ th’ East my pleasure lies.”
—William Shakespeare (1564–1616)
“I who have cursed
The drunken officer of British rule, how choose
Between this Africa and the English tongue I love?
Betray them both, or give back what they give?
How can I face such slaughter and be cool?
How can I turn from Africa and live?”
—Derek Walcott (b. 1930)