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Singaporeans most unhappy about insufficient savings

 
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Are you happy ?
yes
25%
 25%  [ 2 ]
no
75%
 75%  [ 6 ]
Total Votes : 8

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Zeny
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PostPosted: Tue Oct 25, 2011 8:56 am    Post subject: Singaporeans most unhappy about insufficient savings Reply with quote

ASIAONE NEWS SINGAPORE

Singaporeans most unhappy about insufficient savings

Share AsiaOne
Monday, Oct 24, 2011
It seems like Singaporeans are most worried about their personal savings.

A study called "The Happiness Report" found that 46.5 percent of those polled reported a lack of sufficient savings in the last six months.

This was especially prevalent among those aged between 30 and 44-years-old.

35.94 per cent of respondents in this age group expressed the most unhappiness about expenditure in the last six months, compared to young adults between 18 and 29-years-old, baby boomers between 45 and 59-years-old and seniors over 60 years old.

Next, Singaporeans were most unhappy about the economy, with 27 per cent expressing a lack of confidence in the economy.

The report predicted this number to rise in view of stagnant wages, inflation and higher costs of living that may occur in the wake of a possible recession.

Job dissatisfaction and a lack of work-life balance came in at fourth and fifth places at 23 per cent and 21 per cent respectively.

The report also examined the top five things that Singaporeans were most happy about.

Area of residence topped the list, with approximately 78 per cent of respondents ranking Singapore to be the best in the world, reflecting a sense of pride in their residences.

Close family ties ranked second on the happiness scale while spirituality, social support networks and personal time came in at third, fourth and fifth places respectively.

86 per cent of young adults reported being happy with the closeness they felt with their family. This was the highest percentage compared to the other age categories'

The study discovered that the happiest people in Singapore were the baby boomers.

Their overall net happiness score was 11.4 per cent, 4.6 percentage points higher than the least happy group, the young adults.

The middle age category was found to be the stressed and sandwiched class.

The research study was conducted in June this year by integrated marketing communications firm Grey Singapore.

200 respondents between 18 and 60-years-old, representative of the local population on age, gender and race, participated in the study.

paullim@sph.com.sg

Lips Sealed problem is human being will never be contented with what we have ... our wants will grow according ... Lips Sealed when that happened naturally saving will be affected Lips Sealed

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RN53
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PostPosted: Tue Oct 25, 2011 9:12 am    Post subject: Reply with quote

I never belief in any such survey. Sly

And I am not happy about it. Smile

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Zeny
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PostPosted: Tue Oct 25, 2011 9:13 am    Post subject: Reply with quote

RN53 wrote:
I never belief in any such survey. Sly

And I am not happy about it. Smile


Very Happy Very Happy

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Zeny
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PostPosted: Tue Oct 25, 2011 9:13 am    Post subject: Reply with quote

ASIAONE NEWS SINGAPORE
S'poreans' top worries: All about $

Share By Sophie Hong
my paper
Tuesday, Oct 25, 2011

AS THE age-old adage goes, money is the root of all evil. But money - or the lack of it - is also the root of all unhappiness among Singaporeans. Thumbs Up

The top three causes for unhappiness here: Insufficient personal savings, growing expenditure in the last six months and the current state of the economy. In addition, the most unhappy group of citizens are young adults aged between 18 and 29 years old.

These are the findings of The Happiness Report, a study on the happiness quotient of Singaporeans released yesterday by integrated marketing-communications agency Grey Group Singapore. The study was conducted in June on 200 Singaporean respondents of all races aged 18 and above.

Happiness was also hotly debated in last week's parliamentary sessions, after Aljunied GRC MP Sylvia Lim suggested that Singapore use an index of happiness and well-being to gauge the country's growth instead of relying on just gross domestic product.

In a separate study on the effect of material success on perceived quality of life, Dr Christie Scollon, associate professor of psychology, noted that material wealth is an important part of Singaporeans' conception of "the good life".

"There is a shared consensus that material wealth equates to the good life," said Prof Scollon, who teaches at the Singapore Management University's School of Social Sciences.

"Think of the 5Cs and how everybody knows what they are," she added.

Rising inflation may have also played a part in making Singaporeans unhappy.

The latest figures released by the Department of Statistics yesterday showed a 5.5 per cent increase in the consumer price index last month, compared to that one year ago, due to higher costs for housing, transport and food.

The Happiness Report also noted that a higher percentage of working women are unhappy as compared to their male colleagues.

Grey Group Singapore chief executive Subbaraju Alluri called this "the most revealing finding of the study".

He said that, with 57 per cent of women here in the work force, this points to the fact that a large number of them are juggling their roles and responsibilities at work and in their families.

"Roles for women in Singapore have become more stressful than ever before. The other potential reason could be the corporate glass ceiling that some women face, with the long hours they put in not being reflected in their career progression," said Mr Alluri.

Added Prof Scollon: "They may have so many roles and obligations to fulfil that they often feel guilty while doing one thing, because it means not being able to do something else.

"In short, the modern woman is overly burdened."

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Winwin
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PostPosted: Tue Oct 25, 2011 9:17 am    Post subject: Reply with quote

Zeny wrote:
AS THE age-old adage goes, money is the root of all evil. But money - or the lack of it - is also the root of all unhappiness among Singaporeans. Thumbs Up


Very Happy Nod Very Happy Nod Very Happy This cracks me up this morning!
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RN53
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PostPosted: Tue Oct 25, 2011 9:23 am    Post subject: Reply with quote

Here is one more................... Nod

Money is not "evil"........................the problem is many of us are too preoccupied with money, we do every about money, money & money - because money makes the world goes round and round and round.................but we never worship money!

Look around us..............those who worshipped money, some day-in day-out 24/7, have lots of their members bringing in the money. Here, maybe they complain money too much. That's when it became bad........."evil". Sly

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Not
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PostPosted: Tue Oct 25, 2011 10:10 am    Post subject: Reply with quote

if cost of living rise more than the salary, it's really difficult to be happy...

read an ST Forum letter and this quote is very true:

Quote:
In 1981, I earned $800 plus as a fresh graduate. At that time, one of my colleagues bought a five-room HDB flat for $35,000. Now, graduates' pay has risen about four times but HDB flat prices have risen more than 11 times.


source
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Zeny
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PostPosted: Tue Oct 25, 2011 10:16 am    Post subject: Reply with quote

Not wrote:
if cost of living rise more than the salary, it's really difficult to be happy...

read an ST Forum letter and this quote is very true:

Quote:
In 1981, I earned $800 plus as a fresh graduate. At that time, one of my colleagues bought a five-room HDB flat for $35,000. Now, graduates' pay has risen about four times but HDB flat prices have risen more than 11 times.


source


well it is fact of life and reality (everywhere also same)... cost of living are never on par with salary Lips Sealed

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