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 1: Health and wellness gaps affect wellbeing of Filipino Millennials and Gen Zs.
48% of young Filipinos say they balance the health and wellness aspects of their wellbeing equally.
Top motivations for Filipinos to pursue their health and wellness goals
57% Feel good about themselves
53% Prolong healthspan
48% Prolong lifespan
44% Minimize potential medical expenses
44% Looking good/fit
43% Look young/youthful
While 83% of young respondents have good knowledge about health and wellness, only 76% say they are taking sufficient action to consistently practice healthy habits.
Awareness - monitoring gaps
Awareness - actual behavior gaps
Work-Life Balance gap
Barriers from Filipino millennials and Gen Zs from achieving their desired wellness:
Stress has been impeding more millennials (69%) than Gen Zs (58%); and more young women (73%) than men (55%)
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