HSBC survey shows wealthy expats suffering - Spear's Magazine

HSBC survey shows wealthy expats suffering

The current economic crisis has had a significant impact on expats’ financial situation, according to the world’s largest survey of expats from HSBC Bank International.

The current economic crisis has had a significant impact on expats’ financial situation, according to the world’s largest survey of expats from HSBC Bank International.

The first of three instalments of this year’s survey, Expat Economics, shows that the sector has reduced spending across the board, with the UK and the US identified as having some of the highest numbers of expats considering a move home.

Expat Explorer surveyed over 3,100 expats from more than 50 countries and is the largest survey of its kind, with 46 percent more respondents than in 2008. Expat Economics is the first of three reports on the results and is a new addition to this year’s survey which looks at an expats’ economic quality of life.

HSBC Bank International has determined four main economic factors that identify wealthy expats. An annual income in excess of $200,000, a monthly disposable income in excess of $3,000, an increase in saving while living/working abroad and having at least two luxury items in the country they live in.

For further details, visit thewealthnet



 

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