The HSBC Life +Factor Study 2022 uncovers the link between various aspects of wellbeing. It gained insight into the physical, mental, and financial health habits of people living amidst emerging global trends.
A total of 6,829 respondents from Hong Kong, mainland China, Singapore, and the UK were surveyed for the study. It includes areas such as happiness and the resilience people have built in adapting to an ever-evolving landscape.
The 2022 HSBC Life +Factor Study offers 6 key insights on how physical, financial, and mental health impact our day-to-day lives and future plans.
COVID-19 has changed lives and lead to shifts in people’s daily routines. Mental and financial behaviours were altered to adapt to living through a pandemic, coping with increased stress and creating financial buffers.
In 2022, 61% agree (vs. 52% in 2021) that passing on healthy habits is becoming more important than passing on wealth. This has also impacted the advice they would give their 15 years younger self:
Those who are physically, mentally, and financially healthy/ resilient are the most confident in achieving their goals, happiest, and most satisfied with their quality of life.
Setting a good example (for children/ dependents/ partner/ friends) was a common thread among all markets, tying back to the result of healthy habits gaining popularity as one’s desired legacy.
Based on resilience drivers across the dimensions, those with high resilience levels are not just strategic, but specific and action-oriented about their physical, mental, and financial wellbeing.
Though external factors such as time and demands of work/ family life are common challenges across the three dimensions; internally, deficiencies in one dimension can impede progress in another.
For details of the findings, please refer to the +Factor Study Report.
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Issued by HSBC Life (International) Limited (Incorporated in Bermuda with limited liability)