A significant majority of Singaporeans prioritize their health over accumulating wealth, according to a recent survey.
Only 15% of respondents prioritize wealth over health, with many in this group believing that money can solve most problems, including health issues, finds the survey conducted in May by Prudential Singapore.
The survey, which polled 1,000 Singapore residents aged 20 to 65, seeks to uncover key insights into their attitudes toward financial success and well-being
In contrast, 85% of respondents consider good health more important, the survey notes, viewing it as the foundation for pursuing life goals. This group acknowledges that health is harder to recover once lost, making it a more valuable asset than wealth.
Notably, 63% of those surveyed believe that achieving good health is easier than accumulating wealth, as it is more controllable through personal actions like diet and exercise. In contrast, those who rank wealth higher are often drawn by the allure of quick returns and the perception that wealth building requires less effort.
Despite the clear preference for health, the survey reveals, Singaporeans do not see it as a binary choice between health and wealth. About 77% believe they can achieve both with a structured plan, with many respondents emphasizing that success in one area can lead to success in the other.
“It is just as important to have a lifelong fitness plan as it is to have a long-term financial plan,” says Jeff Ang, Prudential Financial Advisers Singapore’s CEO. “The ability to fund retirement and future medical needs are very much tied to the actions we take today to achieve health and financial stability.
“It takes effort, but it’s worth it in the long run. Start planning early and spend time on self-care. That way, you can enjoy a fulfilling life with good health and sufficient funds to smell the roses.”