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9 in 10 Hong Kong millennials put flexible lifestyle before high salary - but they still want money, survey says
- Millennials want money to invest in their ambitions and to fund an early retirement, survey shows
- The survey showed they are slightly less keen on hard work than their older peers, preferring to work shorter hours
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Nine out of 10 Hong Kong millennials see a balanced lifestyle as more important than a high income, according to a survey commissioned by British wealth management company St James’s Place Asia.
That does not mean they do not want money. The same survey showed 91 per cent of them see wealth as something that would make them happier, compared with 87 per cent of their older peers.
The survey of 1,360 Hong Kong people aged 25 to 64 with annual household incomes of between HK$400,000 (US$51,164) and HK$1.5 million was carried out in February and March.
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“Millennials want a balanced lifestyle over income,” said Oliver Wickham, CEO of St James’s Place Hong Kong.
“They are taking a much more personal approach, and they want to have the money to invest in their ambitions while at the same time trying to achieve a work-life balance and staying on track to meet their retirement goals and even retire early if they can.”
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Chinese millennials flaunt wealth in ‘falling stars’ challenge
Chinese millennials flaunt wealth in ‘falling stars’ challenge
The survey showed millennials – those aged between 29 and 39 years old in the survey – are slightly less keen on hard work than their older peers, preferring to work shorter hours.
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