In Manulife’s latest study, “#FYP: Future-proofing Young Pinoys: Examining Health and Longevity Perspectives, Sentiments, and Aspirations of Millennials and Gen Zs,” we found that while millennials and Gen Zs in the Philippines are reshaping what it means to live well and live long, significant gaps between awareness and action jeopardize their health, wellness, and longevity aspirations.
Additionally, the study found that millennials and Gen Zs embrace the concept of longevity, which no longer means just simply living a longer life, but gives higher premium on relationships (for millennials) and meaning and purpose (for Gen Zs).
We also discovered that when it comes to longevity, young Filipinos wish to attain financial independence, maintain a sound mind, and live their desired life. Both millennials and Gen Zs are taking proactive steps to prepare for their futures financially. Both generations acknowledge the importance of insurance and investing to avoid the risks of outliving one’s retirement savings but have yet to fully act on these.
Key Finding 2: Filipino Millennials and Gen Zs have positive views on Longevity
Majority of Filipino Millennials and Gen Zs are embracing aging with positivity and approaching longevity and health with refreshing perspectives and grit.
85% believe "quality" is more important than "quantity", when it comes to lifespan
82% prefer enjoying life now than worrying about how long life will be
83% believe that living independently and being able to do things that matter most to them
96% believe that aging is a natural process and should be embraced with positivity and a fresh mindset
For both Millennials and Gen Zs, maximizing one's lifespan is not a priority.
When it comes to attaining quality of life, millennials put emphasis on family relationships and physical health; while Gen Zs put more importance on sense of purpose.
Top 3 for Millennials:
Top 3 for Gen Zs:
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