Surveys

Taiwan's Rich Prioritize Work And Life Balance - Visa

Vanessa Doctor, Asia Correspondent, 20 December 2011

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The majority of affluent individuals in Taiwan consider a work and life balance as a primary life goal, the latest survey by Visa, the international credit card provider, says in a new report.

In its latest "Premium Card Usage Survey," Visa found that 90 per cent of the wealthy and high net worth consumers polled in Taiwan said this balance is a major priority, followed by increasing personal income, saving money and staying fit and healthy.

When it comes to spending habits, 90 per cent of respondents from both wealthy and HNW segments had travelled overseas during the year, with the wealthy having spent an average of NT$33,628 abroad and the high net worth individuals spending an average of NT$65,955. Card usage was mostly for food, entertainment and travel. 

High net worth individuals are defined as those with an annual net income of at least NT$2 million, while the wealthy have at least NT$800,000. 

The survey was conducted in August to September 2011 and involved the responses of 800 respondents, including current Visa Signature and Visa Infinite cardholders and other wealthy and HNW consumers. The Visa Infinite card is at the top of Visa's portfolio for premium clients, while Visa Signature is for a select group of upscale consumers.

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