Business
Sun Life Asia Financial Resilience Index reveals Gen Z as Least Financially Secure as Inflation Forces a Shift to Short-Term Thinking
Sun Life Asia today unveiled its second Sun Life Asia Financial Resilience Index: Balancing today's needs and tomorrow's goals, offering a detailed look into how individuals across the region are managing their finances while navigating today's volatile financial landscape. The findings reveal that while overall perceptions of financial security have slightly improved, the reality is more sobering – particularly for Gen Z, who emerge as the least financially secure and resilient generation surve
About this update from Sun Life Financial Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"69% of Baby Boomers feel financially secure compared to just 57% of Gen Z respondents.","length":86,"tagName":"p"}]},{"val":[{"type":"text","content":"More than a quarter of Gen Z respondents (28%) do not seek help when making financial decisions.","length":96,"tagName":"p"}]},{"val":[{"type":"text","content":"92% of people are feeling the pressure of inflation and, and 44% face a significant impact on their ability to cover expenses","length":125,"tagName":"p"}]},{"val":[{"type":"text","content":"More than half (54%) of respondents still lack a financial plan that extends beyond 12 months, and only 8% are planning more than 10 years ahead.","length":145,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":452,"olType":false},{"type":"text","content":"HONG KONG, June 26, 2025 /CNW/ - Sun Life Asia today unveiled its second Sun Life Asia Financial Resilience Index: Balancing today's needs and tomorrow's goals, offering a detailed look into how individuals across the region are managing their finances while navigating today's volatile financial landscape. The findings reveal that while overall perceptions of financial security have slightly improved, the reality is more sobering – particularly for Gen Z, who emerge as the least financially secure and resilient generation surveyed, in sharp contrast 69% of Baby Boomers who feel financially secure.","length":616,"tagName":"p"},{"type":"image","alt":"Sun_Life_Asia_Sun_Life_Asia_Financial_Resilience_Index_reveals_G","displaySize":"","headline":null,"caption":"Sun_Life_Asia_Sun_Life_Asia_Financial_Resilience_Index_reveals_G","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/fe5f477700c32798951256f65927bc9a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/R27zejp_biv5eMZeog.87g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/fe5f477700c32798951256f65927bc9a","width":400,"height":400}}},{"type":"text","content":"The research surveyed over 6,000 respondents across Hong Kong, the Philippines, Indonesia, Malaysia, Singapore, and Vietnam, and highlights trends in financial planning, literacy, risk appetite, and the role of professional advice in building long-term resilience.","length":264,"tagName":"p"},...