How Developing Countries Spend Their Income

September 30, 2012 in Daily Bulletin

Credit Suisse surveyed people across the developing world to see how they spent their incomes, writes Derek Thompson. Highlights of the report include:

  • Brazilians are the most optimistic. Only 7% saved anything, and over half didn’t save at all.
  • China, on the other hand saves the most. 30% of income is saved.
  • Due to India’s call centers many think that the country is a telecommunications marvel. Yet only 19% of those in the country have access to the internet.

Read more about what the survey tells us about Russia, Saudi Arabia, and other developing countries, as well as how they compare to the United States over here.

Source: The Atlantic