Are you living well?
How do you see your wealth balance?
People are rethinking wealth and measuring it by how it can improve their Quality of Life. Discover the latest insights and trends reshaping life priorities around the world.
Key findings from study participants
What is Quality of Life?
Quality of Life is a concept that includes dimensions such as physical wellness, mental and emotional wellness and financial fitness.
Quality of Life Index by market
HSBC measured Quality of Life in 9 markets based on physical, mental and financial factors. The average Quality of Life Index across the 9 markets is 75. See how the markets break down above.
The relationship between mental, physical and financial
Our study also uncovered interesting correlations between mental, physical and financial factors.
The report further dives into the importance of retirement and future planning for an overall better Quality of Life. As life expectancy is generally increasing, the aspirational retirement age is decreasing. So financial planning needs to start sooner for a better Quality of Life in the later stages.
Four global priorities
1. Retirement: a new chapter
Attitudes about retirement are changing with people defining retirement according to their life goals. Pursuing a good Quality of Life in retirement means increasingly blurred lines between work, leisure and purpose.
2. Protecting our loved ones
Spending time with family was ranked a top priority for a good Quality of Life. Across the board, ensuring sufficient protection to remain financially resilient is equally as important.
3. Relocating for a better life
People are looking beyond borders to pursue a better Quality of Life - 1 in 4 plan to relocate at some point to achieve a better quality of life while another quarter are already considering it as part of their goals.
4. Legacy planning
It's more than wealth transfer. People nowadays even consider passing on family values, traditions, and culture to heirs or preparing the next generation to take on leadership roles in family and business.