Asian Middle-Class Financial Anxiety Runs High, FWD Survey Finds

Asian middle-class financial anxiety is widespread, with more than 70% of consumers worried about their overall financial wellbeing, according to a survey by insurer FWD Group conducted with Ipsos.

The pan-Asian poll of more than 9,000 consumers aged 21 to 65 across 10 markets found 71% were concerned about overall financial wellbeing and rising everyday living costs, 43% about high healthcare expenses, and 37% about unexpected job loss or income drops.

Reflecting a shorter planning horizon, 44% aim to build a family safety net over the next two to three years and 37% seek financial independence.

FWD said insurance plays a key role in providing protection during difficult times.