Personal Finance
Health is Wealth – Fact or Fiction?
By ValueChampion  •  October 11, 2022
Building Blocks Of Life In a survey of 10,000 people in China, Hong Kong and the UK, as well as over 2,000 people in Singapore, a HSBC Study sought to find out whether physical, mental and financial health are interconnected. Let’s dive into their insights and correlate it to other studies to find out if this old saying of health = wealth continues to hold true. We will be focusing on two areas of the study:
  • Are physical, mental and financial well-being interconnected?
  • Health is wealth, but does having wealth necessarily mean being healthy?
Physical, Mental And Financial Well-Being Are Interconnected The HSBC study found that financial health improves with better physical and mental health. In Singapore, 87% of those who said they were physically healthy also indicated they were mentally fit, whereas 55% of the above said they were also financially fit. In contrast, out of the group that said they were physically unfit, only 37% said they were mentally fit and 23%...
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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