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HSBC Quality of Life Report

Discover the latest global insights and trends that are driving change in financial fitness, physical wellness and mental wellness.

Planning and investing for a better quality of life

The HSBC Quality of Life Report captures insights from 11,230 affluent investors across 11 markets, to understand what they consider to be a good quality of life.

This report explores the relationship between physical and mental wellness, and financial fitness. It highlights people's life priorities and preparedness towards wealth management and financial planning – and how they evolve across generations.

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Key findings

What is Quality of Life?

In our Quality of Life Report 2024, we asked more than 11,200 people around the world what they'd define as a good quality of life.

The Quality of Life Index is an average score that's derived from a multidimensional concept. This concept covers physical and mental wellness, and financial fitness. The average index is currently 76. That's one point up from 2023.

Shows the quality of life score across 11 markets. The three regions in the Venn diagram each represent one of the three dimensions of wealth: physical wellness, mental wellness, and financial fitness. The intersection of the three regions represents the average quality of life score, which is 76. The physical wellness score is 72, financial fitness score is 78, and the mental wellness score is 77.
Includes two statistics with accompanying icons. The first statistic shows the correlation between physical wellness and mental wellness and has an icon of a person stretching. The text reads ‘Those with high physical wellness are 10.3 times as likely to have good mental wellness.’ The second statistic shows the correlation between mental wellness and financial fitness and has the icon of a brain. The text reads ‘Those with good mental wellness are 2.1 times as likely to have good financial fitness.’

How the three dimensions connect

The three dimensions are highly interconnected. Those who score high on physical wellness are 10.3× as likely to score above average on mental wellness too. And those who score above average on mental wellness are 3.7× as likely to score high on physical wellness.

Plus, spending time with friends and family, socialising and volunteering all go towards improving a person's quality of life.

Power Planners score higher

Only 19% of the affluent are Power Planners across all 4 financial planning pillars. These are: healthcare protection, wealth accumulation, retirement and legacy planning. Those who are proactive in their financial planning report 50% more satisfaction with their quality of life. This is in comparison to Basic Planners.

Represents the number of affluents who are satisfied with their Quality of Life, separated into three different categories of planners. 6 out of 10 basic planners are satisfied, 8 out of 10 proactive planners are satisfied, and 9 out of 10 power planners are satisfied.
Represents the percentage of power planners by financial planning pillar. 77 out of 100 are healthcare protection power planners, 61 out of 100 are wealth management power planners, 35 out of 100 are retirement power planners, only 2 out of 100 are legacy power planners.

How well are the affluent planning?

The 4 key pillars of a comprehensive financial plan are healthcare protection, retirement, wealth accumulation, and legacy. Individuals tend to excel in planning for healthcare protection. But they fall short when it comes to addressing their legacy.

Improve your quality of life with HSBC

Goal planner  

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The HSBC Quality of Life Report

Explore full report

Download the global edition of the HSBC Quality of Life Report.

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Find out my Quality of Life score

Tell us about your lifestyle and we'll calculate your score. We'll ask about your financial knowledge, planning habits, fitness, and mindset. You'll also get tips that will help you set achievable goals and increase your quality of life. You can come back and calculate your score in the future to see if it improves.

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Explore related insights

Peace of mind through diversification  

Financial resilience, the ability to recover from financial setbacks, is strongly linked to overall quality of life.

The power of portfolio diversification  

Diversification involves spreading your investments across a wide range of assets to minimise the risk associated with concentrating too heavily on any single investment.

Why should I invest, especially now?  

We surveyed over 11,000 affluent individuals across 11 markets and asked some simple yet important questions about investment behaviours worldwide.
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