Singapore’s rich are the most unhappy in Asia with work-life balance

SINGAPORE’s wealthy are the least satisfied with their current work-life balance when compared with their peers in other parts of Asia Pacific, according to a survey from a Geneva-based private bank.

Only 30% of people with an investable wealth of more than $1 million in Singapore find themselves happy with their work-life balance, the lowest among high net-worth individuals in the region surveyed by Switzerland’s Banque Lombard Odier & Cie SA.

Thailand topped the ranking with 72.7%, followed by Australia, the study published Thursday showed.

The city-state’s cohort of unsatisfied millionaires can be partially explained by the amount of time spent at work, with 26% of Singaporeans responding that they often work overtime, according to report. The nation has the longest working hours per week, 45, across 10 places in Asia Pacific, according to research by London-based flexible workspace company The Instant Group.

Still, there is a perception that the younger generation will move away from the ‘work is life/life is work’ mentality amid Asia’s looming massive wealth transfer, according to the Lombard Odier report.

The bank questioned more than 460 high-net-worth individuals in Singapore, Hong Kong, Japan, Thailand, the Philippines, Taiwan and Australia between May and June.  — Bloomberg

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top