2024, Vol. 5, Issue 1, Part B
Unveiling credit card trends in Dubai residents aged between 25-45
Author(s): Meenakshi Dhoundiyal and Nishtha Pareek
Abstract: This study analyses credit card usage behaviors among individuals aged 25 to 45 in Dubai. Survey data was collected from various samples within this demographic to understand credit card ownership, usage patterns, debt management practices, and factors influencing credit card behavior. Statistical analysis and regression techniques were employed to analyze the data and derive meaningful insights. Findings show credit card ownership among adults aged between 25-45 in the region, with usage extending to various purposes such as daily expenses, travel, online shopping, and dining out. However, a considerable percentage of participants reported carrying credit card debt, pointing out the importance of promoting responsible credit card usage and effective debt management strategies. The study identifies various factors influencing credit card usage, including income levels, financial literacy, reward programs, and convenience. Recommendations are proposed to support improved credit card management practices, involving financial education programs, enhanced regulatory measures, enhancement of personal finance tools, and promotion of responsible reward programs. While the study provides valuable insights into credit card usage among young adults in Dubai, limitations regarding sample size and geographic specificity are acknowledged. Future research directions may explore cultural influences on credit card behavior and employ longitudinal studies to track behavioral changes over time. These insights can inform strategies to encourage responsible credit card usage and improve financial well-being among young adults in the region.
DOI: 10.22271/27084515.2024.v5.i1b.252
Pages: 139-144 | Views: 211 | Downloads: 103
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How to cite this article:
Meenakshi Dhoundiyal, Nishtha Pareek. Unveiling credit card trends in Dubai residents aged between 25-45. Asian J Manage Commerce 2024;5(1):139-144. DOI: 10.22271/27084515.2024.v5.i1b.252
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