An Analysis of Personal Financial Literacy among Expatriates in the United Arab Emirates

Amjad Khan Suri and Sonal Purohit

Contemporary Review of the Middle East, 2017, vol. 4, issue 3, 278-296

Abstract: This study investigates 389 expatriates in the UAE to examine their financial literacy level, relationship between the financial literacy and demographic characteristics. A questionnaire was used to study the financial literacy of expatriates from Asia, Africa, Europe, and North America. The findings reveal that the financial literacy of expatriates is low, with an average answering only 52 per cent of the questions correctly. The low level of knowledge would limit their ability to make informed decisions. The study finds age, marital status, gender, country of origin, income, experience, education, employment status, work place activity, and household situation influence financial literacy and hence calls for initiatives to improve financial literacy among expatriates and for further research in this direction.

Keywords: Financial literacy; market; expatriates; UAE; MENA (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:sae:crmide:v:4:y:2017:i:3:p:278-296

DOI: 10.1177/2347798917711073

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