Majority of Singaporeans surveyed by Prudential prioritise health over financial success
The Edge Singapore
Sun, 1 September 2024 at 9:00 pm SGT2-min read
Over 80% of individuals say health is the foundation for pursuing other life goals, Prudential finds.
More than 80% of Singaporeans surveyed say they prioritise their health over financial success, according to a survey conducted by Prudential Singapore K6s in May 2024.
The life insurance company polled over 1,000 Singaporean residents between the ages of 20 to 65 about how much they value financial success versus staying healthy.
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Out of this over 80% of individuals, over 60% viewed well-being as the foundation for pursuing other life goals, and recognised that unlike wealth, health is tougher to improve once it worsens, the survey finds.
Close to two thirds of respondents said good health is easier to achieve than wealth, as health can be controlled by personal actions while wealth depends on external factors like the economy and job market.
Those who thought that achieving wealth is easier are tempted by the promise of quick returns and belief that it takes less effort, the report by Prudential notes.
Prudential’s survey also revealed that 77% of respondents believe that they can achieve both health and wealth if they have a structured plan in place, and success in one area would lead to a victory in another.