Money and Wealth
Money and Wealth
A study at the top-end level of household expenditure groups indicate that most affluent urbanites have a car and live in houses more than 100 square meters in size. Banking practices are also high. However, investment in stocks and shares is lower in Jakarta than in other Asian capitals.
More than 50 percent of the affluent carry plastic money, either credit cards or charge cards. The charge cards is a newer concept, but urban Indonesians have taken immediate preference for it. The main reason for this is that there is no debt being made and the interest placed on the credit card purchase installment repayment is perceived to be high. Individual Indonesians avoid being in debt, as the concept of debt is linked to religious beliefs as well as the concept of credit interest. The religious belief s are the underlying reasons for the emergence of Islamic banks.
Does money bring happiness? Top household expenditure groups tend to describe themselves as happy, while those with less money are likely to describe themselves as unhappy.