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Survey: HK Residents' Monthly Avg. Savings $10,100; 75% Have Bank Demand or Time Deposits
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The average monthly savings per person in Hong Kong surpassed $10,000 for the first time, reaching $10,100, representing a 3% YoY increase, setting a new high since the survey began, according to the latest survey by the Hong Kong Deposit Protection Board (HKDPB). Over 67% of respondents indicated they have a savings habit, a figure similar to last year. Hong Kong residents continued to rely primarily on demand or time deposits for saving, accounting for as much as 75%. Of which, among respondents with savings habits, over 20% have set annual savings goals, with an average target amount of $279,000. AAStocks Financial News Website: www.aastocks.com |
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