The Manulife Asia Care Survey 2024 shows how people across Asia perceive their current and future physical, mental, and financial well-being, and how Manulife can be their partner for progress. Manulife surveyed more than 1,000 Singapore respondents in January 2024.
Singapore respondents have high aspirations for their future physical, mental, and financial well-being but they are unsure if they will achieve their desired levels of well-being.
They feel most unprepared for their 'financial' well-being in ten years, with 15 points' difference between their 'desired' and 'expected' future well-being.
Singapore respondents also rank mental well-being as the most important and financial well-being as the least important. In fact, mental well-being, physical health, and future health indicators are equally important, as mental health can also serve as a sign for future physical ailments.
Let's take a deeper look at what challenges they are facing:
Protecting your health is protecting your wealth.
Having good physical and mental health can positively impact one's financial health. It can help prevent chronic illnesses, reducing the need for costly medical treatments and medications. This can result in lower healthcare expenses and less disruption to financial goals. Similarly, knowing that you are financially prepared for the future will give you a peace of mind.
People in their 40s have the least confidence in their physical and mental well-being
When rating their future well-being in 10 years, the optimism decreases with age in terms of both physical and mental well-being. This reflects that Singapore respondents are less confident in their quality of life as they get older.
Age |
Physical (score out of 100) |
Mental (score out of 100) |
25-29 |
73 |
74 |
30-39 |
71 |
72 |
40-49 |
66 |
69 |
50-60 |
69 |
71 |
Cancer and stress worry Singapore respondents the most
The younger generation (aged 25-29) have more concerns about physical and mental conditions such as liver diseases, flu and pneumonia, overweight, stress and anxiety.
Singapore respondents aged 40-60 tend to be more worried about diabetes (aged 40-49), heart disease, stroke and cancer. Addressing these age groups' health needs and concerns is critical to improve and support their future well-being.
