UAE residents prioritise savings from bonuses |
A YouGov survey commissioned by Zurich International Life found that around 68% of UAE residents intend to save a portion of their bonuses for long-term financial planning, reflecting increased economic confidence. David Denton-Cardew, head of Propositions at Zurich International Life Middle East, noted, “As financial awareness continues to grow across all generations, it's clear that UAE residents are becoming more proactive in managing their money.” The survey revealed that 60% of respondents plan to spend their bonuses on travel, while 27% aim to invest in skill-building. Notably, 31% of Gen Z respondents plan to save their entire bonus, indicating a shift towards financial responsibility among younger generations. Additionally, 68% of residents feel confident about their financial situation, with 79% of those seeking professional advice feeling even more assured about their future. |
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