S'poreans unhappy with personal savings in last 6 months: study

Singaporeans have rated themselves to be unhappy with their personal savings in the last six months, according to a study titled "The Happiness Report".

The study conducted by global communications firm, Grey Group, found that almost one in two respondents were unhappy about the fact that they had insufficient personal savings, reported Channel NewsAsia.

40.5 per cent of the 200 Singaporeans surveyed said they were unhappy with their personal expenditure while 27 per cent of the respondents were unhappy with their confidence in the economy.

Two other areas in which people cited unhappiness were job satisfaction (23 per cent) and work-life balance (21 per cent).

The study, conducted in June this year with Singaporeans aged 18 to over 60, also revealed the top five things Singaporeans were most happy about.

78 per cent of respondents ranked Singapore as the best place to stay in the world while 74 per cent ranked close family ties as one of their prime sources of happiness.

The next three things were spirituality, social support networks and personal time.

People aged 45 to 49 years old were the happiest people with an overall net happiness score of 11.4 per cent. Young adults between 18 and 29 years old had a score of 6.8 on the same scale.

At work, men were also found to be happier than women, with 46.08 per cent of men happy with their jobs, compared to 37.75 per cent for women.