Thu, Aug 02, 2012 - Page 14 News List

Financial future biggest worry for many Taiwanese

By George Liao  /  Staff reporter

A majority of Taiwan’s 6 million people between the ages of 25 and 40 are troubled with financial worries and work pressure and do not have the means to afford large expenditures, according to a survey released on Monday.

The online survey, conducted by Chinese-language Global Views Monthly magazine and Eolembrain Online Marketing Research Co (東方快線市調) in May, showed that 42.7 percent of those polled said the monthly salary of their first job was less than NT$20,000, and more than 70 percent said they made less than NT$25,000 in their first jobs.

When rating the top 10 sources of stress in the past year, 67 percent of those surveyed selected “future financial condition,” 63.9 percent picked “current financial condition” and 47.5 percent chose “work pressure,” ahead of other sources such as “parents’ health,” “own health” and “relationship with partner.”

Only 12.6 percent of those surveyed said their financial situation enabled them to afford occasional big expenses, 57.2 percent said they could meet daily expenses, but needed to plan ahead and the rest either spent all their income or were unable to make ends meet.

When asked if they had plans to change jobs in the next six months, 54 percent of the respondents said they did. Most people said they were afraid to change jobs because “the macroeconomic environment was not good and job opportunities were scarce.”

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