What are you saving for?
The most popular savings priority in your market is
Buying a home
How do you plan to get there?
Basic saving methods are the most popular choice for saving money
Store cash at home
Use the most common
basic savings method*
Use the most common advanced savings method*
*Basic savings methods include: savings accounts, time deposits/fixed term deposits and regular savings plans. Advanced savings methods include: mutual funds, stocks/equities, fixed income securities/bonds and pensions.
How much more?
The average emerging affluent saves 14% of their combined income
People who are using the most common basic savings method in your market could earn X% more on their savings over 10 years if they used a low-risk wealth management approach instead, enabling them to achieve their goals sooner.
How's it going so far?
While some people feel close to achieving their main savings goal, others feel far away
And while most people are confident they will achieve their target, others are not so sure
The top three barriers to saving more are
Not enough money
I struggle to set financial goals
I prefer to spend now
Are you getting the right help and advice?
The top three sources of information are
Friends and family
Newspaper and magazines
Digitally savvy savers are reaping the rewards, saving on average 8% more than those who don’t use digital tools. But only 23% are taking advantage.