In this study, we found that many Filipinos struggle to commit to healthier lifestyles.
#FYP: Future-proofing Young Pinoys
Examining health and longevity perspectives, sentiments, and aspirations of Millennials and Gen Zs
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 3: Financial independence is the top longevity concern among Filipino Millennials and Gen Zs
When thinking about longevity, majority of Filipino Millennials and Gen Zs prioritize financial independence. This suggests that younger Filipinos value quality of life and autonomy over simply living longer, with a strong focus on financial security and mental health.
-
61%
Financial Independence
-
41%
Mental Health
-
35%
Desired lifestyle
-
30%
Ties with children
-
29%
Physical health/independence
Gaining financial independence is also a top longevity priority for young Filipinos.
Top Longevity Priorities of Millennials and Gen Zs
52% of respondents said they prioritize gaining financial independence
36% said family relationships
33% chose physical health
Respondents who prioritize financial independence
-
60%
Female
-
44%
Male
Top Longevity worries among younger Filipinos
61% Running out of money
54% Loss of loved ones
52% Chronic physical illnesses
48% Feeling useless/being seen as feeling useless
44% Loss of purpose in life
Financial planning remains one of the many challenges the youth face. Gen Zs surveyed estimate needing PHP22.3 million to achieve financial independence upon retirement, while millennials estimate PHP18.4 million.
Top actions taken by respondents who consider financial independence as important:
-
65%
Save part of their income or allowance
-
45%
Buy insurance
-
43%
Broaden financial knowledge
-
42%
Additional employment/source of income
-
37%
Investing
The survey findings reveal a significant shift in priorities among consumers, emphasizing quality of life over lifespan.
Talk to a financial advisor today
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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
-
64%
Avoid getting sick
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
-
24%
Mobility
-
23%
Nutrition
-
20%
Cholesterol levels
-
27%
Nutrition monitoring gap highest among women
-
28%
Mobility monitoring gap highest among men
Awareness - actual behavior gaps
-
20%
Sleeping Habits
-
19%
Work-Life Balance
-
15%
Balanced Diet
Work-Life Balance gap
-
22%
among women
-
15%
among men
Barriers from Filipino millennials and Gen Zs from achieving their desired wellness:
-
64%
Stress
-
48%
Excessive screen time
-
45%
Sleep deprivation
-
42%
Insufficient exercise
-
39%
Poor diet
Stress has been impeding more millennials (69%) than Gen Zs (58%); and more young women (73%) than men (55%)
In this study, we found that many Filipinos struggle to commit to healthier lifestyles.
The survey findings reveal a significant shift in priorities among consumers, emphasizing quality of life over lifespan.
Talk to a financial advisor today
Want to learn more about how to plan for a better, longer life?
Savings
An affordable life and savings plan with insurance and investment benefits
Savings
Retirement
Guaranteed protection and cash benefits for your future needs like your child’s education or pursuing your passions.
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.
-
91%
believe that living a meaningful life is more important than living a long one
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.
-
13%
Choose maximizing one's lifespan as a priority
-
8%
for Females
-
17%
for Males
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:
-
49%
Financial Independence
-
41%
Family relationships
-
36%
Physical Health
Top 3 for Gen Zs:
-
56%
Financial Independence
-
34%
Sense of purpose in life
-
29%
Family relationships and physical health
In this study, we found that many Filipinos struggle to commit to healthier lifestyles.
The survey findings reveal a significant shift in priorities among consumers, emphasizing quality of life over lifespan.
Talk to a financial advisor today
Want to learn more about how to plan for a better, longer life?
Savings
An affordable life and savings plan with insurance and investment benefits
Savings
Retirement
Guaranteed protection and cash benefits for your future needs like your child’s education or pursuing your passions.