LINE

Text:AAAPrint
Society

One in three young employees in Taiwan spends all their salary: survey

1
2016-10-07 09:43Xinhua Editor: Li Yan ECNS App Download

About 31.6 percent of employees under 40 in Taiwan indicated that they almost spent all the monthly salary they received, according to survey results released on Thursday.

Citing the survey, the yes123 job bank network said some young employees admitted they even had to overdraw their accounts to make ends meet.

Food, leisure and entertainment, the financial support for family members and educational expenses, transport, and rent, were among the top five categories for their expenses, according to the job bank.

About 74.8 percent of the employees who were polled said their current monthly salary was not sufficient to cover all their spending in life, the survey showed.

According to the job bank, due to the rising cost of living on the island, respondents believed they needed a salary hike of 9.8 percent, or about 3,800 new Taiwan dollars a month, to offset the increase in the cost of consumer products.

The cost of living in Taiwan rose this year largely because of higher food prices caused by damage from unfavorable weather conditions, including cold waves and typhoons. Taiwan's consumer price index (CPI), a main gauge of inflation, was up 1.27 percent on average in the nine months ending in September, compared with the same period last year, according to local authorities.

A total of 1,388 employees with a minimum of one year work experience responded to the survey, which was conducted from Sept. 22 to Oct. 3 through online questionnaires, the job bank said.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.