Aussie expats are earning huge sums, study shows
Article by Mozo
Aussies who have moved abroad in order to boost their earning potential are faring better than people from other nations, a study has confirmed.
HSBC's Expat Explorer report indicated that more than one-third of Australians are raking in excess of US$201,000, compared with just one quarter of expats from other countries.
The survey covered 3,385 Aussies who have moved to more than 100 countries throughout the world.
Authors of the report also noted that wealthy workers are investing their money back into their home country, with many people buying properties or adding to their savings accounts.
Although the state of the global economy remains precarious, Aussies appear to be weathering the storm well, as recent figures released by the Australian Bureau of Statistics showed that rates of unemployment have fallen in recent months across the country.
However, the HSBC study also noted that a growing number of Aussie expats are now heading back down under because they are concerned about the impact that the eurozone crisis and unrest in the Middle East will have on their earning power.
Have a question about savings accounts? Ask the money gurus at Mozo Answers.