Tags: Poll | Money | Recession | Means

Poll: Money Means More to People Since Recession

Tuesday, 23 Feb 2010 02:56 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
As the saying goes, money isn't everything, but it certainly means more to people now than before the global financial crisis, and especially in China, Japan and South Korea, according to a Reuters/Ipsos poll.

A survey in 23 countries found two-thirds of 24,000 people questioned, or 65 percent, agreed money was more important to them now than previously, with younger people particularly putting more emphasis on money and seeing it as a sign of success.

Citizens of South Korea, Japan and China were the most likely to say money meant more to them now, with 84 percent in each putting more value on cash, followed by India with 78 percent.

People in these countries were also more likely to believe that money was the best sign of a person's success with 69 percent of Chinese and South Koreans linking money to success, followed by India and Japan at 67 percent and 63 percent.

On average only four in 10 people questioned, or 43 percent, thought money was the best sign of a person's success with seven out of every 10 Canadians, or 73 percent, disagreeing that money was the best sign of success, followed by Sweden, Mexico and the Netherlands.

"Perhaps not surprisingly, those nations (saying money was more important now) directly correlate with those who put the greatest weight in money as a determinant of success," said John Wright, a senior vice president at opinion research firm Ipsos.

"With only a few exceptions, we can clearly see the subtle but incredible gulf between the two groups: the value of money and success compared to the values because of money and success."

Men and women were evenly divided on the importance of money with 65 percent of men and 64 percent of women agreeing money was more important now while more men than women, 47 percent to 40 percent, were likely to say money was the sign of success.

Younger people were more likely to put more emphasis on money with 71 percent of those aged under 35 saying it was more important now compared to 61 percent of people aged 35-54 and 52 percent of people aged 55 or over.

People aged under 35 were also likely to see money as the sign of a person's success with 48 percent believing that statement compared to 40 percent of people aged 35-54 and 35 percent of those aged 55 and over.

Income made little difference to these opinions.

The countries where citizens were least likely to say that money was more important now than previously were the Netherlands at 50 percent, Mexico, Germany, Britain, Belgium and Canada.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved