Thinking of moving abroad? If accumulating wealth is your goal, Russia, Singapore and the Gulf states should top your list, according to a new global survey of expatriates.
Foreigners living in Russia, Saudi Arabia, Bahrain, the United Arab Emirates and Singapore have the greatest overall wealth, defined as earning higher salaries, having more disposable income and owning more luxury items, HSBC Offshore’s Expat Explorer survey found. The low end of the totem pole is dominated by the UK and Europe, reflecting the stark difference in recovery between developed and developing economies.
The report compares the financial picture for expats around the world by examining income, spending, saving and investment patterns and the impact of the state of the global economy on their lives and livelihoods. The study, which HSBC bills as the largest global expat survey, involved more than 4,000 people working in 39 industries in more than 100 countries.
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