Savings still in vogue

Kovac, Matt
July 2007
ICIS Chemical Business;7/16/2007, Vol. 272 Issue 3, p2
Trade Publication
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.


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