More than four in five Singaporeans see good health as more important than wealth: Survey

Among this group, 61% feel that wellbeing is the foundation for pursuing other life goals.

In today's fast-paced world, the age-old adage "health is wealth" resonates more profoundly than ever. 

While financial stability and material possessions are often seen as measures of success, they pale in comparison to the invaluable asset of good health. Without the vitality and wellbeing to enjoy life fully, even the greatest financial achievements can seem hollow. 

A study by Prudential Singapore, comprising 1,000 Singaporeans aged between 20 to 65 years old, revealed that more than four in five respondents see good health as more important than wealth (85%).

Among this group, 61% view wellbeing as the foundation for pursuing other life goals and recognise that unlike wealth, health is tougher to improve once it worsens.

Additionally, close to two-thirds of the Singaporeans surveyed also said that achieving good health is easier than wealth (63%). 

In fact, they view health as more controllable through personal actions like diet and exercise, whilst wealth is dependent on external factors such as the economy and job market (76%).

Conversely, fewer than one in five Singaporeans prioritise wealth over health. Among those who do, 64% believe that money can address most problems, including health issues, while 58% see it as a means to ensure financial security for themselves and their loved ones.

Commenting on the findings, Jeff Ang, CEO of Prudential Financial Advisers Singapore highlighted a need to raise awareness that having a lifelong fitness plan is just as important as having a long-term financial plan. 

Adding to that, Professor Teo Yik Ying, Dean of the Saw Swee Hock School of Public Health at the National University of Singapore, emphasised that the true challenge for Singaporeans is translating their awareness into meaningful changes in their attitudes and actions towards health. 

"Some people, who think it is easy to stay healthy, might put off important steps for their well-being to focus on building wealth, which they find more challenging. 

"But the truth is, staying healthy is a lifelong commitment that involves making consistent, healthy choices," said Professor Teo.

Beyond their personal efforts, respondents acknowledge the crucial role of key stakeholders in achieving a balance between wealth and health:

• Employers: 72% seek flexible working hours, and 60% desire adaptable staff benefits packages to better manage their wealth and health.
• Government: 60% hope for policies that promote a balance between work and health in the workplace.
• Insurance providers: 53% value financial incentives for maintaining healthy habits and flexible health coverage options

READ MORE: Health & wellness spotlight: How HR leaders can nurture happier and healthier employees