By Elsa Baxter
Study finds financial and job security to be top priorities for young men in kingdom.
Some 84 percent of young Saudi men fear future unemployment, a recent study has revealed.Financial security was found to be a top priority for 87 percent of the 1,500 Saudis who took part in the study by the Royah (Vision) Center for Social Studies. While 85 percent said securing a good job was their priority, the Saudi Gazette reported.
Fears of the future job market persist despite efforts to diversify the kingdom’s economy away from oil, the study found.
The most recent data on unemployment shows the number of jobless stands at 10 percent for Saudi men, and 27 percent for Saudi women. This figure is expected to fall to 7.1 percent by the end of 2014.
Following financial and job security, marriage was also cited as a priority for Saudi men. Ninety three percent of men said they wanted a Saudi wife, of which 15 percent said they would prefer her to be from a rich family.
Sixty eight percent said they did not want their wives to go out to work, preferring them to be a full-time housewife instead, the survey found.