Study: 292 of young Saudis spendthrifts
(MENAFN- Arab News) A total of 29 percent of young Saudis spend their entire salaries five days before their next payday according to a recent survey by the Prince Salman Youth Center.
This has raised questions about the spending habits of young people their apparent splurging on clothes going to pricey restaurants or taking their families away for expensive weekend trips.
However in contrast to the spendthrift ways of some 40 percent of respondents who participated in the survey entitled Saudi Youth Planning Trends said they have bank accounts with savings.
The researchers also asked the respondents about their planning for the future and found that 30 percent planned their careers and were able to secure jobs. A total of 74 percent of the young respondents said that they believed planning needs to be learned and acquired through reading and training programs.
The survey also found that seven out of 10 young Saudis who work as entrepreneurs implement more than 50 percent of their plans. Also 29 percent of young people believe it is easy to plan ahead and execute their plans.
Sixty percent of young people who participated in the survey said that they gained most of their experience through social media networks and 40 percent said that they share their experiences via the same networks.
The survey showed that 20 percent of males are generally committed to executing their plans with only 18 percent of females.
The survey found that many young Saudis believe that they should not plan for the future because they feared events might make implementation impossible. Moreover the survey noted that personal desire parents friends and education have the greatest impact on how young people plan for the future.
The survey showed that 45 percent of the youth plan all the time 8 percent for several years 18 percent for several months 24 percent for weeks or days while 5 percent said they have never planned anything.
This has raised questions about the spending habits of young people their apparent splurging on clothes going to pricey restaurants or taking their families away for expensive weekend trips.
However in contrast to the spendthrift ways of some 40 percent of respondents who participated in the survey entitled Saudi Youth Planning Trends said they have bank accounts with savings.
The researchers also asked the respondents about their planning for the future and found that 30 percent planned their careers and were able to secure jobs. A total of 74 percent of the young respondents said that they believed planning needs to be learned and acquired through reading and training programs.
The survey also found that seven out of 10 young Saudis who work as entrepreneurs implement more than 50 percent of their plans. Also 29 percent of young people believe it is easy to plan ahead and execute their plans.
Sixty percent of young people who participated in the survey said that they gained most of their experience through social media networks and 40 percent said that they share their experiences via the same networks.
The survey showed that 20 percent of males are generally committed to executing their plans with only 18 percent of females.
The survey found that many young Saudis believe that they should not plan for the future because they feared events might make implementation impossible. Moreover the survey noted that personal desire parents friends and education have the greatest impact on how young people plan for the future.
The survey showed that 45 percent of the youth plan all the time 8 percent for several years 18 percent for several months 24 percent for weeks or days while 5 percent said they have never planned anything.
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