There is growing evidence and increasing concern about rising income and wealth disparity in Asia.
Living standards are improving rapidly, but rising income inequality makes it hard for some people to catch up. With income inequality set to widen, how do Asians define ‘rich’ and ‘poor’ and what is ‘middle class’?
How do Asians see themselves relative to others in terms of income, now and looking ahead? Do they perceive themselves as being either richer or poorer than they really are, hence making the wrong financial decisions and taking inappropriate risks? Are they managing their finances correctly to adapt to changes in the income/wealth landscape? How can they better position themselves in this environment? Are they acquiring the right skills?
Fidelity Worldwide Investment conceived and designed a regional survey in ten cities across eight countries in Asia to address these questions. The survey was conducted in March 2012 by the Nielsen Company.
Click here to read the report.
4 July 2012
