Inside the Wealthy's Playbook: How the Affluent are Mastering Their Money with Financial Gymnastics
Oct 09, 2024
Singapore, October 9: Mastercard today revealed that 73% of affluent consumers like to closely manage their money, with 48% even using "financial gymnastics" to maximize rewards. These consumers, who are in the top 10% of household incomes domestically, juggle various payment methods, plan their spending carefully, and rely on diverse information sources like word of mouth and proactive research. At the same time, they deftly manage multiple payment options, such as credit, debit, and prepaid cards, or alternative payment methods, strategizing their use for different transactions, like credit for travel or debit for daily necessities. By optimizing their wallets, they aim to capitalize on incentives, live comfortably, and save to leave a legacy.
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