TITLE

Savings still in vogue

AUTHOR(S)
Kovac, Matt
PUB. DATE
July 2007
SOURCE
ICIS Chemical Business;7/16/2007, Vol. 272 Issue 3, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the rising trend of private savings among Asians. Market research firm AC Nielson ORG-Marg says that Asians are biggest savers in the world. A 2006 Global Consumer Confidence reports says that 54% of Asians are willing to put their spare cash to savings compared with 29% of Europeans. It is stated that Asians have developed the habit of saving for one big purpose like the purchase of a house or car, and the lack of welfare safety nets have also boosted their saving habits.
ACCESSION #
27020915

 

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