Taiwan savings money

A new survey finds that most young workers in Taiwan put very little into savings each month.

According to a study conducted by the Teacher Chang Foundation and the Citi Foundation, over 60 percent of people between the ages of 20 and 39 put away less than 10 thousand NT every month.

That’s significantly lower than they would like, as they think they should be saving 16 thousand.

Regarding their inability to save, about a third of respondents blamed it on low salaries, a third on prices being too high, and the remainder on their inability to resist temptation and low willpower.

The foundations say these people can save some money by changing their habits, such as cutting out buying drinks from their daily routines.

They also suggest taking the long view, and spending more to buy more durable, longer-lasting goods rather than buying cheap ones that break and need to be replaced.