• 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
You are here: Home / Lifestyle / UAE Teens are Big Spenders

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.

Share this:

  • Facebook
  • Twitter
  • Pinterest
  • Reddit
  • LinkedIn
  • Email

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

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

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

  • Bobsayed on Computer/Video Games in Islam
  • Bobsayed on Computer/Video Games in Islam
  • Arshanabdul12 on Dress code for men in Islam
  • Sher on Dress code for men in Islam
  • Stephen on Dress code for men in Islam

Copyright © 2019

  • Contact Us
  • About
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.