A majority of expats are saving more than they did in their home country.

Expats come in all shapes and sizes, but surveys have shown a few characteristics stand out. For a long time, expats have tended to be better educated and wealthier than other target groups. However, recent data suggests that there is also a shift of wealth – away from traditional expat markets towards emerging markets.

Indeed, HSBC’s 2010 Expat Explorer Survey found growing markets for luxury goods in emerging economies such as South Africa and the UAE.¬†According to the HSBC data, 61% of expats reported they were saving more than in their home country, though interestingly another 43% said they were also spending more and 38% that they were investing more. Continue reading