Study finds religion, ethnicity can affect saving habits

How do religious beliefs and ethnicity affect savings tendencies

How do religious beliefs and ethnicity affect savings tendencies Source: AAP

A new study has found religious beliefs and ethnic backgrounds can have significant influence on whether or not people decide to save their money.


The study involving Macquarie University in Sydney examined the savings habits of low, middle and high income earners in three countries and found religious people and those of Chinese heritage are more likely to save money.


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