• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar

The Islamic News

Authentic Islamic Articles, News

  • Featured
  • World News
  • Islam
  • Articles
  • Lifestyle
  • Health
  • Technology
  • Science

spending

UAE Teens are Big Spenders

May 17, 2011 By Leave a Comment

The average UAE teenager is a shopaholic.

Gone are the days when people used to save their money for hard times ahead. Nowadays, its consumption that counts. And when it comes to “conspicuous consumption”, that interesting phrase coined by Thorstein Veblen, the United Arab Emirates tops the list.

In an exhaustive survey made by AMRB and TRU (both Kantar Group Companies) it was found that as compared to the average world-wide teenage spending of $28  (on a per week basis) the UAE spending was $108, the highest in the world. As compared with the Saudis youngsters who spent $56 and the Egyptian adolescents who spent $7, this was an astronomical figure.

The spendthrift habits of teens spell disaster for a society particularly in these economically insecure times. For when push comes to shove, as in a recession, it is the savings in the bank that ultimately come to one’s rescue.

Filed Under: Lifestyle Tagged With: spending, teens, UAE

Primary Sidebar

Website For Islamic Information in Urdu

Like Us On Facebook

Search

Recent Posts

  • Karachi Killings Reach Unprecedented Levels
  • South Sudan Gains Independence
  • Saleh’s Message On Television
  • Mending Saudi-Iranian Relations
  • Qaddafi About to Quit

Recent Comments

  • Alvin on Afghanistan: Nato soldier, 4 police officers killed in attacks
  • Online Quran Academy on Dress code for men in Islam
  • Online Quran Academy on Quranic verses and Ahadith about Oppressed and Oppressors
  • Shafeek on Talking with and looking at a women for marriage
  • Syed Umair Umer on Eclipse In Islam

Copyright © 2019

  • Contact Us
  • About