A recent research has showed that there is a positive trend towards expatriate health insurance policy holders who earn more than $250,000 annually going to Russia, Saudi Arabia and Bahrain to live. The study was conducted by HSBC Bank International, which showed that the much talked about wealth gap between the East and Europe is ever growing. Whereas expatriates in emerging economies are surging ahead of their Eurozone counterparts.
Lisa Wood, HSBC Bank International’s head of customer proposition said, “It is clear that the economic volatility that has plagued the UK and eurozone has had a significant effect on expat finances since 2009.” According to her, countries such as India, Brazil, China and Russia were not as badly affected as the recession as the rest of the world, and so the expat finances in these countries have increased in the last twelve months. The Eurozone counterparts on the other hand have done very badly in this regard.
This study was based on three criterions: whether an expatriate earned more than $200,000 a year, whether they had a monthly disposable income in excess of $3,000 and whether they owned luxury items like a yacht or a swimming pool. Russia fared really well with 36 percent expatriates earning over $250,000 a year.
Via: ExpatriateHealthcare
