According to the latest National Bonds Saving Index, 31% of workers in UAE with a monthly income of less than Dh3,500 are either saving regularly or every three months compared to 29% of other income groups. So, is this due to the fact that financial status determines the ability to save money or because people of different income groups have different priorities?
In this week’s debate, our focus is on the ability to save money and whether or not people who earn less, save more.
These are the statements to be debated:
• People who earn less have a clear goal of saving enough to meet the needs of their families.
• Financial status does not determine ability to save money.
• The more you have, the more you want.
• The more you earn, the more you spend.
Participants will be required to clearly state whether they are ‘for’ or ‘against’ the statement and provide their supporting arguments for the same.
If you would like to participate, send us a request at readers@gulfnews.com
