29% of women support their families as sole bread-earners

59% in GCC are single-earners for the family

DUBAI 1 June 2017: A survey has revealed that 59 per cent of respondents (68 per cent of men and 29 per cent of women), are the sole earning members in the family, and therefore the only contributors to the family’s finances.

Of the total number of respondents, 37 per cent (66 per cent of women and 29 per cent of men), are partial contributors to the family’s income. Fifty-two percent of the respondents participate in making financial decisions for the family.

The National Bonds 2016 Savings Index findings based on a survey conducted among savers and non-savers in the GCC. Compiled by Sondos Market Research, the survey aimed to gain feedback on three key areas: financial stability, potential for saving and existence of an enabling savings environment in their respective countries.

“The statistics of our 2016 survey show a positive uptick in awareness of the importance of saving and we found that 68 per cent of the respondents plan to start saving compared to 31 per cent in 2015. The entire UAE population, including nationals and expats, are more financially aware with the increase in savings potential reaching 19 per cent,” said Mohammed Qasim A -Ali, CEO, National Bonds Corporation.

By Rajive Singh