A survey was carried out with young millennials in Hong Kong, which shows that money is important and necessary for investing and achieving an early retirement. According to the survey, they prefer to slow down, showing disinterest in long workdays. Research shows that 9 out of every millennials prioritize quality of life.
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Having a balanced lifestyle is more important than having a high income
The survey was conducted in February and March in Hong Kong with 1,360 people, who were between 25 to 64 years old, with a household income between HK$400,000 (US$51,164) and HK$1.5 million.
According to research carried out by St James's Place Asia wealth management, a British company, having a more balanced life is more valuable than having a high income. This does not mean that money has no value.
A good part of these young people, about 91%, believe that wealth makes individuals happier, compared to the opinion of the elderly. If, on the one hand, wealth fuels the desire to achieve your ambitions, on the other hand, finding harmony between work and personal life is essential to having quality of life.
The influence of the COVID-19 pandemic on the lives of Millennials
It is believed that the Covid-19 pandemic may have influenced the way Millennials face life when it comes to work. This way, making young people pay attention to their lifestyle and go in search of that harmony.
Another survey published by HSBC, described the willingness of young people to spend more time doing activities that generate pleasure, as a way to obtain early retirement. Everything indicates that experiencing the pandemic has enabled new discoveries about life and the way it should be lived.