Wealth &
Wellbeing Report
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Uncover insights on the state of mental wellbeing and financial preparedness of Gen Z and Millennial working professionals in Singapore and Hong Kong, as well as how employers can build a stronger, more sustainable workforce by boosting employee job satisfaction by improving their holistic financial and mental resilience.
1 in 3
Expressed a desire for their employers to better support them through financial literacy sessions
4 in 5
Cited that improved financial preparedness will reduce distraction and resultantly increase productivity at work
85%
Agree that financial preparedness improves their resilience to recover from setbacks and difficulties
Introduction
In partnership with Intellect, a Singapore-based mental health and wellbeing support platform, the Wealth & Wellbeing Report delves into the strategies Gen Z and Millennial working professionals in Singapore and Hong Kong plan to adopt to enhance their financial preparedness, and how employers have a crucial role to play in this endeavour.
The study looks at three personal factors of mental wellbeing across 1,000* respondents: Growth Mindset, Resilience, Self Esteem — and in turn, how these affect workplace wellbeing dimensions of Job Satisfaction and Turnover Intention.
This report also offers employers valuable insights into the intricate ties between employees’ financial wellbeing and the effect it has on job satisfaction, productivity, and staff turnover.
The study looks at three personal factors of mental wellbeing across 1,000* respondents: Growth Mindset, Resilience, Self Esteem — and in turn, how these affect workplace wellbeing dimensions of Job Satisfaction and Turnover Intention.
This report also offers employers valuable insights into the intricate ties between employees’ financial wellbeing and the effect it has on job satisfaction, productivity, and staff turnover.
*Endowus and Intellect engaged Milieu Insight to conduct the study from May to June 2024, surveying 1,000 respondents across Singapore and Hong Kong (n=500 in each market). Surveyed respondents ranged from Gen Z (23 – 27 years old) to Millennials (28 – 43 years old) who are currently employed, with an even split between genders. 95% of total respondents are in white collar professions.
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What do we know?
1 in 3
Expressed a desire for their employers to better support them through financial literacy sessions
Employers play a crucial role in fostering the holistic well-being of their workforce. In light of economic uncertainty, empowering employees with financial literacy not only enhances employee satisfaction but also drives business performance.
Get started on building the financial literacy of your employees with our comprehensive financial wellness programme.
Get started on building the financial literacy of your employees with our comprehensive financial wellness programme.
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Read more
4 in 5
Cited that improved financial preparedness will reduce distraction and resultantly increase productivity at work
Employees spend a significant amount of time at work, and this study has found that those who are financially prepared also demonstrate improved performance, and resultantly derive more satisfaction from their jobs.
Review your personal wealth management goals to ensure you’re financially prepared for whatever comes.
Review your personal wealth management goals to ensure you’re financially prepared for whatever comes.
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Read more
85%
Agree that financial preparedness improves their resilience to recover from setbacks and difficulties
Resilience is strongly linked to workplace outcomes such as employee wellbeing and productivity. When adversity strikes, organisations want their employees to stay composed and concentrate on finding solutions to weather the storm, instead of struggling to stay motivated through tough periods.
Kickstart your personal journey to financial preparedness in 4 simple steps here.
Kickstart your personal journey to financial preparedness in 4 simple steps here.
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Get started on enhancing the financial preparedness of your employees today
Increase job satisfaction, productivity, and minimise staff turnover through Endowus’ comprehensive employee financial wellness programme.
Building financial literacy
Our licensed wealth experts will cover a wide range of topics including Personal Finance, Retirement Planning and more. These sessions can be curated in your preferred format and scheduled at your convenience.
Getting a head start
Enhance your employee benefits programme with corporate preferential rates on Endowus, an award-winning independent fee-only wealth, and fund platform.
Staying ahead of the curve
Keep your employees updated with the latest financial news and market insights curated by our team of investment experts, with combined 150+ years of investment experience across public & private market investing, family office, and wealth management.
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Connect with us to start building a comprehensive financial wellness programme for your employees
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