Providing monetary support to families is the top financial goal this year for half of working residents in the UAE.
That’s according to a survey by YouGov, which found that this goal is more important to people above 25 years of age.
Over a third of respondents said they would save for retirement, while another third have set a target to feel financially secure this year.
People aged above 45 years are more likely to choose saving for retirement as a goal, while for young adults, "starting a business" and "buying a home" rank higher in priority.
When trying to save money, three in five plan to cut down on impulsive shopping, while half sacrifice eating out or ordering in, and for 44 per cent entertainment activities take a backseat.
The study also found that even though people are taking steps to be financially safe, just over half (52 per cent) feel confident about their financial planning for retirement.
Emiratis are apparently much more confident about retirement when compared to other nationality groups in the country (with 74 per cent saying this).
The online survey polled 813 respondents between February 24 and March 2.
Dubai International Airport (DXB) has retained its title as the World’s Busiest International Airport with 60.2 million seats in 2024, an increase of 7 per cent capacity from 2023, according to global travel data company OAG.
ADNOC Gas, in partnership with Baker Hughes, an energy technology company, has successfully installed British climate technology firm Levidian’s patented LOOP technology at the Habshan Gas Processing Plant.
The UAE, Italy, and Albania, in the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, signed a landmark tripartite strategic partnership framework on Wednesday, to enhance cooperation in renewable energy and energy infrastructure.