Study on resilience identifies vulnerable groups

 

SMU’s Centre for Research on Successful Ageing and Income Insurance revealed that Singaporeans are resilient mentally, physically, socially, and financially according to a landmark study that established Singaporeans’ baseline resilience in these domains for the first time. Unemployed and lower-educated Singaporeans were the least resilient across all four domains, while single people were also found to be less financially and socially resilient than their married counterparts. SMU Professor of Sociology (Practice) and Director of Centre for Research on Successful Ageing Paulin Straughan said financial education programmes will be key to helping the vulnerable groups in society, including the unemployed and lower-educated Singaporeans, and singles to achieve financial resilience. Prof Straughan noted that financial resilience alongside social, mental and physical resilience lets a person lay a firm foundation for their well-being, which in turn will improve Singapore’s overall well-being.

Source
The Straits Times