(MENAFN- Muscat Daily) The top three motivating factors for regular savings in Oman are children's education job security and flexible savings plan in that order according to National Bonds Corporation's National Bonds Savings Index for the GCC.
National Bonds Corporation is a UAE-based investment company and its index shows that Oman experienced a decrease in sentiment towards saving in comparison to the same period last year registering an index score of +2.29 in 2014 compared to +3.36 in 2013.
Nearly 90 per cent of respondents in Oman anticipate their financial status will remain stable in the next six months and ten per cent expect their financial status to remain unstable for the next six months.
Furthermore 67 per cent of respondents in Oman agree that unexpected expenses will most likely impact their savings plan for the current year followed by 57 per cent who state that the high cost of living will impact their savings plans.
About 16 per cent of Omanis polled said they are saving a little more compared to the previous year whereas approximately 36 per cent claim that they are saving about the same as last year compared with 28 per cent in 2013.
Commenting on the results of the index Mohammed Qasim al Ali chief executive officer of National Bonds said 'The results seem promising for the sultanate as they show an increase in the number of savers and a positive sentiment towards the adoption of a regular savings plan.'
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