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Britons biggest lottery ticket buyers - Trade Arabia

Britons biggest lottery ticket buyers Trade Arabia, Bahrain - Apr 12, 2008 When asked to rank a series of definitions of financial success, markets such as India, Bulgaria, Saudi Arabia, South Africa and Indonesia and, ...

Britons biggest lottery ticket buyers - Trade Arabia
Braverman said the definition of success in these markets is less about what people can afford and more about how they pay for it. Consumers in emerging markets are far more likely to attribute financial success to good luck rather than good management, and are also more likely to think about money and how to get it. In Saudi Arabia only 36 per cent of the respondents agreed on the statement that financial success is more due to good luck than good management.A series of agree/disagree questions explored how people feel about money and its relative importance in their lives. Managing director of Synovate Germany Harald Hasselmann said that in the case of Germany it is linked to their values. More than two thirds of Indonesians (83 per cent) agree with the statement 'I think about money - and how to get more of it - regularly', followed by 76 per cent in both India and Malaysia and 72 per cent in Saudi Arabia. Overall, the actions people take in developing and emerging markets are very similar. The main differences, other than the lottery, were that consumers in developed markets were more likely to use a financial planner or adviser, but this was still only one in every five. The number one definition of financial success in developed markets is 'I have no debt'. This was especially the case in the US and the UK, but also very evident in Australia, Netherlands and Canada.