Saving for Emergencies

Written By Unknown on Friday, March 11, 2011 | 1:15 PM


Anticipating the impact of the global financial crisis, consumers in Asia Pacific is now more intensified her savings. Consumers really prepare yourself for the tough times and emergencies in the future.

As stated in the MasterCard survey compiled in the index of consumer spending priorities (MasterCard Worldwide Index of Consumer Purchasing Priorities). The survey was released in Singapore.

MasterCard survey conducted every year to find savings and spending behavior of consumers and their spending during the next 12 months. The resulting index is the result of a survey of 6019 consumers in 14 countries and was held on September 1 to 29, 2008.

In the survey also revealed, consumers will save 11 percent to 20 percent of their income. Consumers also said, saving money is important or very important, especially for those who income below 10,000 dollars per year.

Indonesia and the Philippines (each 97 percent), Malaysia (93 percent) and India (92 percent) had the highest percentage in the number of consumers are saving money was important or very important. The Chinese had the lowest percentage (77 percent), followed by Singapore (79 percent), and South Korea (81 percent).

Saving money just in case is the most often mentioned consumers in the Asia Pacific, which reached 66 percent. This most often mentioned reason consumers in Thailand (81 percent).

"The number of saving considerations in case illustrates the perception of consumers in the Asia Pacific region against economic uncertainty," said Yuwa Hendrick-Wong, economic adviser to MasterCard Asia Pacific.

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