Marketing Week and 2CV inaugural Health, Wealth and Happiness Index
Doug Edmonds, managing director of 2CV assess the figures in Wellbeing Index
In our opening week, the 2CV Wellbeing Index registered at 43, meaning that 43% of adults are currently satisfied with their sense of wellbeing, predominantly driven by general happiness levels.
When looking at results for the individual aspects, it is unsurprising that consumers have financial concerns weighing heavily on their mind with only 26% appearing to be satisfied about their financial situation. Meanwhile, just under half of consumers reported that they are satisfied with their health (48%) and happiness (49%) levels. Hopefully this may improve in the run up to Christmas, but only time will tell.
Differences in male and female opinion are pretty even in this first Index, with women (52%) appearing to be happier than men (48%), but there is very little difference in health and wealth responses between the sexes. That will be an interesting measure to gauge as the weeks go by.
When split by age bands, it is clear to see that life-stage plays a big part in how consumers feel about their wellbeing. We can see significant differences in satisfaction across young people (16-34), the middle-aged band (35-54) and the grey market (55-74). Here are the results by each age category:
Young People
Only 20% of young people are feeling satisfied with financial aspects of their life (wealth) this week, but they are optimistic in their outlook for the other aspects of their well-being with nearly two-thirds (63%) feeling satisfied with their state of health and over half of consumers (53%) between 16-34 year olds reporting that they are satisfied with their happiness levels.
Middle-aged band
The middle-aged bands of 35-54 year olds are shouldering the burdens of the current climate. They may have improved their financial situation since they were younger, but with more financial commitments hanging over them than those in the other two bands, it’s not surprising that only a quarter (25%) of consumers in this age bracket questioned are feeling financially satisfied. Their lifestyles come at a price to their health and happiness also, with only 37% reporting to be satisfied with their health and 40% saying that they were happy.
Grey Market
Meanwhile, the levels of well-being of the grey market (55-74 year olds) show they are the most contented group, with 53% satisfied with their happiness levels and a third (33%) feeling the same satisfaction with their financial situation. As expected, a far lower level are satisfied with their health, coming in at 39 %.
