http://www1.mastercard.com/content/intelligence/en/topnav/topics/education2019-08-14T04:22:34.946ZEducationAdobe Experience ManagerTaiwanese Parents Top Greater China Region for Income Spent on Children’s Education: MasterCard Survey Jonathan SeidmanInvestment in Children’s Education across Greater China<table width="405" cellspacing="0" cellpadding="0" border="1"> <tbody><tr><th class="table-description" colspan="2"><b>Rank</b></th> <th class="table-description"><b>Avg. Monthly Expenditure on Children's Education</b></th> <th class="table-description"><b>Avg. Monthly Savings on Children's Education</b></th> </tr><tr><th class="table-description" colspan="4"><b>2012</b></th> </tr><tr><td><b>1</b></td> <td>Taiwan</td> <td>15%</td> <td>17%</td> </tr><tr><td><b>2</b></td> <td>China</td> <td>13%</td> <td>15%</td> </tr><tr><td><b>3</b></td> <td>Hong Kong</td> <td>13%</td> <td>15%</td> </tr><tr><th class="table-description" colspan="4"><b>2011</b></th> </tr><tr><td><b>1</b></td> <td>Taiwan</td> <td>17%</td> <td>19%</td> </tr><tr><td><b>2</b></td> <td>China</td> <td>14%</td> <td>15%</td> </tr><tr><td><b>3</b></td> <td>Hong Kong</td> <td>13%</td> <td>14%</td> </tr></tbody></table> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a> (NYSE: MA), <a href="http://www.mastercard.com" target="_blank"><b>www.mastercard.com</b></a>,<b> </b>is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@mastercardnews</b></a><b>, </b>join the conversation on <b><a href="http://newsroom.mastercard.com/blog/" target="_blank">Cashless Conversations Blog</a></b> and <a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a> for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Jonathan Seidman, <br> (886)2722-5799 Ext.124,<br> <a href="mailto:JSeidman1@webershandwick.com">JSeidman1@webershandwick.com</a></p> The MasterCard Survey on Consumer Purchasing Priorities – Education provides valuable insights into the Asia/Pacific consumers’ savings and expenditure behavior and their discretionary spending priorities on education.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/taiwanese-parents-top-greater-china-region-for-income-spent-on-c2012-08-29T16:00:00.000Z2012-08-29T16:00:00.000ZEducation Remains a Top Priority in Mainland China: MasterCard Survey Huanyu Wu, Tang Fei Attitudes Towards Education Vary Greatly Across Greater China <table width="411" cellspacing="0" cellpadding="0" border="1"> <tbody><tr><th class="table-description"><b><br type="_moz"> </b></th> <th class="table-description"><b>Mainland China</b></th> <th class="table-description"><b>Hong Kong</b></th> <th class="table-description"><b>Taiwan</b></th> </tr><tr><td><b>To further my education</b></td> <td>37%</td> <td>47%</td> <td>19%</td> </tr><tr><td><b>Related to the profession I would like to be in</b></td> <td>43%</td> <td>33%</td> <td>36%</td> </tr><tr><td><b>Hobby related/ self-improvement </b></td> <td>20%</td> <td>19%</td> <td>45%</td> </tr></tbody></table> <p>Four out of 10 respondents in Mainland China plan to return to college. Of those, almost half are keen to study abroad, with the majority of respondents citing international outlook (55%) as the reason they prefer studying abroad, while 23% believe they will receive a better education overseas and 10% said they wanted to study overseas for a chance to experience a different culture.&nbsp;&nbsp;</p> <p>Most of those pursuing higher education (90%) said they would finance it themselves. A small minority of students plan to use bank loans (18%), while 14% of respondents will receive funding from their parents. Consequently, the survey recorded a notable increase (from 46% last year to 67%) in the number of overseas students choosing credit cards as the preferred payment method for tuition fees.</p> <p>Three out of four Mainland Chinese parents said they save regularly for their children’s education, with those responding in the affirmative reporting that they save an average of 13% of their income. The majority of Mainland Chinese parents (72%) spend between six and 30 percent of their income on their children’s education.</p> <p>While four out of 10 Mainland Chinese parents opt for universities in China, a significant proportion hope that their children can study abroad, favouring either the United States (38%) or Europe (35%).</p> Increasing Number of Mainland Chinese Parents Opt to send their Children to Study Overseas<table width="409" cellspacing="0" cellpadding="0" border="1"> <tbody><tr><th class="table-description"><b>Location</b></th> <th class="table-description"><b>H1 2012</b></th> <th class="table-description"><b>H1 2011</b></th> </tr><tr><td>Within China</td> <td>46%</td> <td>45%</td> </tr><tr><td>America</td> <td>38%</td> <td>5%</td> </tr><tr><td>Europe</td> <td>35%</td> <td>4%</td> </tr><tr><td>Overseas in Asia</td> <td>18%</td> <td>4%</td> </tr><tr><td>Undecided</td> <td>17%</td> <td>42%</td> </tr></tbody></table> <p>Over 80% of Mainland Chinese parents enrolled their children in extracurricular activities, with a significant proportion selecting foreign language classes (46%), music (42%) or sports (39%) courses. This is a far cry from a year ago, when just over half of the parents surveyed involved their children in extracurricular classes.</p> <p>“Chinese parents and their children continue to exhibit an insatiable thirst for knowledge, as indicated by more than four out of 10 respondents across Mainland China planning to enroll in educational programs for either personal or professional reasons,” said <a href="http://newsroom.mastercard.com/people/lhai/" target="_blank"><b>Ling Hai</b></a>, Division President, Greater China, MasterCard Worldwide. “To this end, MasterCard has recently established a strategic collaboration with the China Europe International Business School (CEIBS), which will serve to develop more talent, inspire and encourage students to contribute to the further development of the Chinese economy.”</p> <p>The latest survey, which was conducted from the end of April to early June, 2012, involved 11,376 consumers from 25 markets with 845 respondents in China, 421 in Taiwan and 409 in Hong Kong. Data was collected via online surveys, face-to-face, and Computer Assisted Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Huanyu Wu<br> MasterCard Worldwide<br> <a href="mailto:huanyu_wu@mastercard.com">huanyu_wu@mastercard.com</a><br> (86-10) 8519 9304<br> </p> <p>Tang Fei<br> Weber Shandwick Worldwide<br> <a href="mailto:ftang@webershandwick.com">ftang@webershandwick.com</a><br> (86-10) 8569-9979 / (86-10) 8569-9926<i></i></p> The MasterCard Survey on Consumer Purchasing Priorities – Education provides valuable insights into the Asia/Pacific consumers’ savings and expenditure behavior and their discretionary spending priorities on education.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/education-remains-a-top-priority-in-mainland-china--mastercard-s2012-08-29T16:00:00.000Z2012-08-29T16:00:00.000ZHong Kong Parents More Likely to Send Children to Overseas Universities: MasterCard Survey Gloria Lai, Matthew LiuMasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Gloria Lai<br> (852) 2533 9983,<br> <a href="mailto:glai@webershandwick.com">glai@webershandwick.com</a></p> <p>Matthew Liu<br> (852) 2533 9927,<br> <a href="mailto:mliu@webershandwick.com">mliu@webershandwick.com</a></p> The MasterCard Survey on Consumer Purchasing Priorities – Education provides valuable insights into the Asia/Pacific consumers’ savings and expenditure behavior and their discretionary spending priorities on education.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/hong-kong-parents-more-likely-to-send-children-to-overseas-unive2012-08-29T16:00:00.000Z2012-08-29T16:00:00.000ZTwo Thirds of Asia/Pacific Parents Spending on Extra Tuition for Kids: MasterCard Survey Georgette Tan, Robert O’BrienKey findings<ul> <li>Just over two thirds of Asia/Pacific consumers save regularly for their children’s education and on average, this takes up 14% of their monthly household income. The highest market is Myanmar at 18%; the lowest is New Zealand with 8%.</li> <li>More than two thirds of households in Asia/Pacific spend on enrichment classes: the majority of children in China and South Korea are enrolled in learning a foreign language, while markets such as Australia, New Zealand and the Philippines&nbsp;place more emphasis on sports.</li> <li>More than half of parents in India (54%), Taiwan (52%) and Thailand (52%) are spending on extra tuition classes for their children, closely followed by Malaysia (46%), Singapore (45%) and Bangladesh (45%). Chinese (53%) and Korean (50%) households were more inclined towards foreign language classes. More than 50% of respondents from Hong Kong preferred their children to learn a musical instrument.</li> <li>Overall, a third of Asia/Pacific consumers intend to take up an educational course in the next year – highest in China (53%), South Korea (50%), Malaysia (44%), Thailand (43%), Hong Kong (41%), and Singapore (38%), and lowest in India (8%), Indonesia (12%), Japan (14%) and Vietnam (16%).</li> </ul> <p>An Asia Development Bank <b><a href="http://www.adb.org/news/adb-study-highlights-dark-side-shadow-education" target="_blank">report into private tutoring</a></b> last year showed that spending had grown in Asia in recent years. In Hong Kong, more than US$255 million was spent on private tutoring for secondary school pupils in 2011. In Japan, families spent US$12 billion in 2010 on private tutoring.</p> <p>“Education is a vital part of the family budget – a large proportion of households are saving specifically to support their family’s educational needs,” says <b><a href="http://newsroom.mastercard.com/people/gtan/" target="_blank">Georgette Tan, group head, Communications, Asia/Pacific, Middle East &amp; Africa</a><a href="http://newsroom.mastercard.com/people/gtan/">, MasterCard</a></b>.</p> <p>“There are some interesting trends to emerge here: a lot of families intend to take up a course this year and the majority is spending on enrichment classes, which is additional spending on top of school fees. This does reflect the growing pressure that is put on children to perform academically across the region. Above all, however, there appears to be little to differentiate how people view education as a critical part of their household spending, in both emerging and developed markets.”</p> Children’s Participation in Enrichment Classes in Asia/Pacific<table width="395" height="298" cellspacing="0" cellpadding="0" border="1"> <tbody><tr><th class="table-description"></th> <th class="table-description">Tuition on academic subjects</th> <th class="table-description">Sport (e.g. soccer, swimming, etc)</th> <th class="table-description">Foreign language</th> <th class="table-description">Musical instrument (e.g. piano, violin, etc)</th> <th class="table-description">Art</th> <th class="table-description">Public speaking</th> <th class="table-description">Others</th> </tr><tr><td><b>Asia/ Pacific</b></td> <td>32</td> <td>28</td> <td>24</td> <td>22</td> <td>15</td> <td>5</td> <td>8</td> </tr><tr><td><b>AU</b></td> <td>7</td> <td>36</td> <td>6</td> <td>14</td> <td>6</td> <td>3</td> <td>9</td> </tr><tr><td><b>NZ</b></td> <td>9</td> <td>43</td> <td>8</td> <td>15</td> <td>4</td> <td>2</td> <td>12</td> </tr><tr><td><b>CN</b></td> <td>36</td> <td>38</td> <td>53</td> <td>41</td> <td>32</td> <td>7</td> <td>5</td> </tr><tr><td><b>HK</b></td> <td>40</td> <td>39</td> <td>38</td> <td>52</td> <td>24</td> <td>3</td> <td>5</td> </tr><tr><td><b>IN</b></td> <td>54</td> <td>16</td> <td>10</td> <td>15</td> <td>15</td> <td>17</td> <td>2</td> </tr><tr><td><b>ID</b></td> <td>17</td> <td>20</td> <td>15</td> <td>1</td> <td>4</td> <td>1</td> <td>27</td> </tr><tr><td><b>JP</b></td> <td>29</td> <td>23</td> <td>16</td> <td>17</td> <td>5</td> <td>-</td> <td>7</td> </tr><tr><td><b>MY</b></td> <td>46</td> <td>36</td> <td>17</td> <td>32</td> <td>17</td> <td>8</td> <td>10</td> </tr><tr><td><b>PH</b></td> <td>14</td> <td>33</td> <td>5</td> <td>16</td> <td>10</td> <td>2</td> <td>5</td> </tr><tr><td><b>SG</b></td> <td>45</td> <td>31</td> <td>8</td> <td>24</td> <td>14</td> <td>7</td> <td>9</td> </tr><tr><td><b>KR</b></td> <td>33</td> <td>28</td> <td>50</td> <td>32</td> <td>15</td> <td>2</td> <td>10</td> </tr><tr><td><b>TW</b></td> <td>52</td> <td>17</td> <td>39</td> <td>31</td> <td>17</td> <td>1</td> <td>19</td> </tr><tr><td><b>TH</b></td> <td>52</td> <td>33</td> <td>43</td> <td>33</td> <td>20</td> <td>7</td> <td>2</td> </tr><tr><td><b>VN</b></td> <td>0</td> <td>9</td> <td>40</td> <td>9</td> <td>6</td> <td>2</td> <td>4</td> </tr><tr><td><b>BD</b></td> <td>45</td> <td>44</td> <td>4</td> <td>18</td> <td>41</td> <td>3</td> <td>1</td> </tr><tr><td><b>MM</b></td> <td>35</td> <td>4</td> <td>23</td> <td>1</td> <td>2</td> <td>1</td> <td>2</td> </tr></tbody></table> About MasterCard<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a> (NYSE: MA), <a href="http://www.mastercard.com" target="_blank"><b>www.mastercard.com</b></a>,<b> </b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <b><a href="https://twitter.com/#%21/MasterCardNews" target="_blank">@MasterCardNews</a></b>,<b> </b>join the discussion on the <b><a href="http://newsroom.mastercard.com/blog/" target="_blank">Cashless Conversations Blog</a></b> and <b><a href="http://newsroom.mastercard.com/subscribe/" target="_blank">subscribe</a></b> for the latest <b><a href="http://newsroom.mastercard.com/" target="_blank">news</a>.</b></p> Contacts<p>Georgette Tan,<br> MasterCard Worldwide,<br> <a href="mailto:georgette_tan@mastercard.com">georgette_tan@mastercard.com</a>,<br> +65 6390 5971</p> <p>Robert O’Brien,<br> Weber Shandwick,<br> <a href="mailto:robrien@webershandwick.com">robrien@webershandwick.com</a>,<br> +65 6825 8064</p> The MasterCard Survey on Consumer Purchasing Priorities – Education provides valuable insights into the Asia/Pacific consumers’ savings and expenditure behavior and their discretionary spending priorities on education.http://www1.mastercard.com/content/intelligence/en/research/press-release/2013/two-thirds-of-asia-pacific-parents-spending-on-extra-tuition-for2013-04-09T16:00:00.000Z2013-04-09T16:00:00.000ZEducation Still the Focus of Savings for Parents in Asia/Pacific Children’s Participation in Extracurricular Classes in Asia/Pacific<table cellspacing="0" cellpadding="1" border="1"> <tbody><tr><th class="table-description">&nbsp;</th> <th class="table-description">Tuition on academic subjects</th> <th class="table-description">Sports<br> (e.g. soccer, swimming, etc)</th> <th class="table-description">Foreign language</th> <th class="table-description">Musical instrument (e.g. piano, violin, etc)</th> <th class="table-description">Art</th> <th class="table-description">Public speaking</th> <th class="table-description">Others</th> </tr><tr><th class="table-description">Asia/Pacific</th> <td>28</td> <td>27</td> <td>21</td> <td>18</td> <td>14</td> <td>4</td> <td>6</td> </tr><tr><th class="table-description">AU</th> <td>10</td> <td>40</td> <td>7</td> <td>14</td> <td>5</td> <td>2</td> <td>8</td> </tr><tr><th class="table-description">NZ</th> <td>7</td> <td>41</td> <td>5</td> <td>18</td> <td>7</td> <td>3</td> <td>17</td> </tr><tr><th class="table-description">CN</th> <td>23</td> <td>28</td> <td>36</td> <td>28</td> <td>28</td> <td>6</td> <td>7</td> </tr><tr><th class="table-description">HK</th> <td>36</td> <td>35</td> <td>35</td> <td>37</td> <td>23</td> <td>6</td> <td>5</td> </tr><tr><th class="table-description">IN</th> <td>55</td> <td>17</td> <td>1</td> <td>4</td> <td>14</td> <td>8</td> <td>1</td> </tr><tr><th class="table-description">ID</th> <td>5</td> <td>18</td> <td>24</td> <td>5</td> <td>3</td> <td>1</td> <td>8</td> </tr><tr><th class="table-description">JP</th> <td>20</td> <td>22</td> <td>15</td> <td>16</td> <td>4</td> <td>1</td> <td>3</td> </tr><tr><th class="table-description">MY</th> <td>47</td> <td>41</td> <td>8</td> <td>28</td> <td>16</td> <td>5</td> <td>10</td> </tr><tr><th class="table-description">PH</th> <td>11</td> <td>28</td> <td>2</td> <td>14</td> <td>7</td> <td>6</td> <td>4</td> </tr><tr><th class="table-description">SG</th> <td>40</td> <td>26</td> <td>11</td> <td>20</td> <td>10</td> <td>5</td> <td>9</td> </tr><tr><th class="table-description">KR</th> <td>34</td> <td>27</td> <td>46</td> <td>24</td> <td>17</td> <td>2</td> <td>10</td> </tr><tr><th class="table-description">TW</th> <td>25</td> <td>31</td> <td>35</td> <td>30</td> <td>14</td> <td>2</td> <td>5</td> </tr><tr><th class="table-description">TH</th> <td>32</td> <td>40</td> <td>51</td> <td>41</td> <td>29</td> <td>9</td> <td>4</td> </tr><tr><th class="table-description">VN</th> <td>1</td> <td>9</td> <td>39</td> <td>7</td> <td>7</td> <td>0</td> <td>8</td> </tr><tr><th class="table-description">BD</th> <td>51</td> <td>32</td> <td>10</td> <td>9</td> <td>24</td> <td>5</td> <td>2</td> </tr><tr><th class="table-description">MM</th> <td>43</td> <td>3</td> <td>23</td> <td>2</td> <td>-</td> <td>2</td> <td>7</td> </tr></tbody></table> MasterCard and its Suite of Research Properties<p>The MasterCard Index suite in Asia/Pacific, Middle East and Africa includes the long-running <a href="/content/intelligence/en/search.tagstart.ConsumerConfidence.tagend.html">MasterCard Index of Consumer Confidence</a>, as well as the <a href="/content/intelligence/en/search.tagstart.Women.tagend.html">MasterCard Index of Women’s Advancement</a>, <a href="/content/intelligence/en/search.tagstart.Shopping.tagend.html">MasterCard Survey on Online Shopping</a>, MasterCard Index of Financial Literacy, and the <a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank">MasterCard Index of Global Destination Cities</a>. In addition to the indices, MasterCard’s research properties also include a range of consumer surveys including <a href="/content/intelligence/en/search.tagstart.EthicalSpending.tagend.html">Ethical Spending</a> and a series on Consumer Purchasing Priorities (covering <a href="/content/intelligence/en/search.tagstart.Travel.tagend.html">Travel</a>, <a href="/content/intelligence/en/search.tagstart.Dining.tagend.html">Dining &amp; Entertainment</a>, <a href="/content/intelligence/en/search.tagstart.Education.tagend.html">Education</a>, <a href="/content/intelligence/en/search.tagstart.MoneyManagement.tagend.html">Money Management</a>, Luxury and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004. MasterCard has also released a series of four books on Asian consumer insights, authored by <a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank">Dr. Yuwa Hedrick-Wong</a>, Global Economic Advisor for MasterCard and published by John Wiley &amp; Sons.</p> About MasterCard<p><b><u><a target="_blank" href="http://www.mastercard.com/index.html">MasterCard</a></u></b>&nbsp;(NYSE: MA),&nbsp;<b><u><a target="_blank" href="http://www.mastercard.com/">www.mastercard.com</a></u></b>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter&nbsp;<b><u><a target="_blank" href="https://twitter.com/#!/MasterCardNews">@MasterCardNews</a></u>,&nbsp;</b>join the discussion on the&nbsp;<b><u><a target="_blank" href="http://newsroom.mastercard.com/blog/">Cashless Pioneers Blog</a></u></b>&nbsp;and&nbsp;<b><u><a target="_blank" href="http://newsroom.mastercard.com/subscribe/">subscribe</a></u></b>&nbsp;for the latest news on the&nbsp;<a target="_blank" href="http://newsroom.mastercard.com/"><b>Engagement Bureau</b></a>.</p> Media contacts<p><b>Georgette Tan</b>,<br> MasterCard,<br> +65 6390 5971,<br> <a href="mailto:georgette_tan@mastercard.com">georgette_tan@mastercard.com</a></p> <p><b>Samantha Yong</b>,<br> Weber Shandwick,<br> +65 6825 8053,<br> <a href="mailto:samyong@webershandwick.com">samyong@webershandwick.com</a> &nbsp;</p> The research is based on a survey conducted in the fourth quarter of 2013 with 7932 respondents aged 18 – 64 in 16 Asia/Pacific countries who were asked questions about their education spending priorities. The survey findings are part of MasterCard’s suite of research into Consumer Purchasing Priorities in the Asia/Pacific region. http://www1.mastercard.com/content/intelligence/en/research/press-release/2014/education-still-the-focus-of-savings-for-parents-in-asia-pacific2014-06-16T16:00:00.000Z2014-06-16T16:00:00.000Z