HONG KONG SAR – Media OutReach – September 5, 2023 – AXA Hong Kong and Macau (“AXA”) today released the second phase of the annual AXA Mental Health and Wellbeing Study 2023 (“the Study”). ), which assessed the health state of mind worldwide. The study found that the Generation Z group (aged 18 to 26) in Hong Kong has poorer overall mental health, with only one in ten respondents saying they are thriving, compared to one in five for all respondents. 67.2% of Gen Z respondents also reported experiencing moderate to extreme levels of stress in the past year, 14% more than all respondents (53.1%).
Loneliness and body image issues worsened by technology addiction
While there are multiple factors contributing to poorer mental health among Gen Z, 64% of Gen Z individuals in Hong Kong said technology addiction and obsessive social media have exacerbated the problem .
Indeed, among Gen Z respondents affected by social media and technology addiction, 71% reported feeling lonely and 80% reported having negative body image issues (compared to 43% and 51%, respectively, of all Generation Z respondents). affected by addiction), while only 5% consider themselves fulfilled, i.e. half of the overall percentage of this age group.
Permanent culture: a detriment to well-being and productivity
These addiction issues have also spilled over into the workplace, as the increasing prevalence of remote work has perpetuated the “always connected” culture in the post-pandemic world. 44% of Gen Z workers surveyed said they struggle to separate their work from their personal lives, while 40% said the hours they are expected to work cause them distress. This highlights the increasingly blurred lines between work and home life, which could harm Gen Z’s well-being and productivity.
Andrea Wong, Director of Marketing and Customers, AXA Hong Kong and Macau said: “The results of the AXA Mind Health study highlight the need to improve the overall well-being of Generation Z individuals in Hong Kong. Although this group is more vulnerable to stress and may experience negative emotions in a technology-saturated world, there are steps they can take. things young people can do to improve their mental health, including setting technological boundaries, improving time management, creating a healthy work-life balance, and spending quality time with family and their friends. one of the first employers to introduce a range of employee wellbeing programs including mental health care support, hybrid working arrangements, skills-to-job matching and skills development support , all of which enable employees to find a better work-life balance and have a better work-life balance. more positive outlook in the workplace.
Aspiring to financial prosperity, but weighed down by uncertainty
The study found that financial prosperity is a top priority for Hong Kong’s younger generation. When asked about their “big wish”, 38% of the city’s Gen Zers said they aspired to “get rich” and only 18% of Hong Kong’s Gen Zs consider perfect physical health to be their greatest wish, against 34%. among the general population.
However, 44% of Gen Z respondents said their current financial situation caused them significant stress, and only 30% reported feeling secure about their financial future, indicating that financial uncertainty is a major source of stress. As this group of people is still at an early stage of their career, they are advised to start financial planning early so that they can enjoy the benefits of a more stable and secure financial future.
As a pioneering insurer in promoting holistic wellness, AXA has launched a series of initiatives in Hong Kong, including the annual AXA BetterMe event, as well as Mind Charger services on the Emma mobile app. by AXA”, which help customers and the community. to adopt healthy lifestyles and practice mindfulness. By tackling the challenges facing Generation Z head-on, AXA will continue to help the younger generation thrive both personally and professionally.
Mental Health and Well-being Study (AXA Mind Health Study)
The AXA Mind Health Study is an annual mental health and well-being study aimed at assessing the current state of mental health across the world and providing individuals and businesses with the information and guidance needed to promote positive mental health.
The AXA Mind Health Study 2023 was conducted in collaboration with IPSOS between September and October 2022 using an online survey and interviews with a total of 30,000 respondents aged 18 to 74 across 16 regions European, American and Asian countries, namely France, the United Kingdom, Germany, Spain, Italy, Ireland, Belgium, Switzerland, Turkey, United States, Mexico, mainland China and Hong Kong, Japan, Thailand and the Philippines.
In Hong Kong, a total of 2,336 people aged 18 to 74 were surveyed.
The issuer is solely responsible for the content of this announcement.