Survey: Many grateful for financial crisis
Source: Agencies |
October 31, 2009, Saturday
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Print Edition
Print Edition
IT seems the financial crisis isn't all doom and gloom: one in four people are glad the world's economy slumped like it did, because it helped them realize their priorities in life, according to a global survey.
Market research firm Synovate polled around 11,400 people across the world and found more than half had permanently changed their attitudes toward money over the last 12 months.
Another 47 percent, however, said they were looking forward to being able to spend freely again.
"The psychology of global recession has changed the way many people do things," Jenny Chang, Synovate's managing director, said.
"They are making life-altering decisions based on the current global recession, be it postponing marriage, having children, moving house, changing jobs or pursuing higher education. Even in a relatively impact-free economy."
A quarter of all respondents, led by Malaysians, said they were glad the world had an economic crisis as it has helped them realize what's really important in their lives.
Nearly 60 percent said they would try to rein in their spending, and over two-thirds are more interested in boosting their savings than reducing their debt.
The majority of respondents - over 80 percent - believed their generation had a responsibility to leave their country better off for the younger generation, even if it involves dramatically altering their lifestyles.
The survey showed that one in five people had put off an overseas trip in the last six months, 6 percent had delayed having a baby and another 5 percent had even postponed surgery.
Americans were having a more difficult time than some other nationalities.
"With the relatively high unemployment in the US, those Americans who have lost one or more incomes in the family are making very difficult decisions each day ... which bills do, and don't, get paid," said Claire Peerson Braverman, based in the US for Synovate.
Market research firm Synovate polled around 11,400 people across the world and found more than half had permanently changed their attitudes toward money over the last 12 months.
Another 47 percent, however, said they were looking forward to being able to spend freely again.
"The psychology of global recession has changed the way many people do things," Jenny Chang, Synovate's managing director, said.
"They are making life-altering decisions based on the current global recession, be it postponing marriage, having children, moving house, changing jobs or pursuing higher education. Even in a relatively impact-free economy."
A quarter of all respondents, led by Malaysians, said they were glad the world had an economic crisis as it has helped them realize what's really important in their lives.
Nearly 60 percent said they would try to rein in their spending, and over two-thirds are more interested in boosting their savings than reducing their debt.
The majority of respondents - over 80 percent - believed their generation had a responsibility to leave their country better off for the younger generation, even if it involves dramatically altering their lifestyles.
The survey showed that one in five people had put off an overseas trip in the last six months, 6 percent had delayed having a baby and another 5 percent had even postponed surgery.
Americans were having a more difficult time than some other nationalities.
"With the relatively high unemployment in the US, those Americans who have lost one or more incomes in the family are making very difficult decisions each day ... which bills do, and don't, get paid," said Claire Peerson Braverman, based in the US for Synovate.
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