UAE residents say current savings not enough

Eighty seven per cent of UAE residents do not believe that their current savings are adequate for the future, according to the results of a survey by the National Bonds Corporation.

The 2012 National Bonds UAE Savings Index also revealed that just one per cent of UAE residents described their savings as more than enough for their future.

The annual survey, now in its third year, is a comprehensive study of the behaviour and attitudes of residents in the UAE towards saving and spending their money.

The survey was carried out across a range of different respondents that included: UAE nationals, Arab expatriates, Asian expatriates and Westerners.