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It seems like Singaporeans are most worried about their personal savings.
A study called "The Happiness Report" found that 46.5 percent of those polled reported a lack of sufficient savings in the last six months.
This was especially prevalent among those aged between 30 and 44-years-old.
35.94 per cent of respondents in this age group expressed the most unhappiness about expenditure in the last six months, compared to young adults between 18 and 29-years-old, baby boomers between 45 and 59-years-old and seniors over 60 years old.
Next, Singaporeans were most unhappy about the economy, with 27 per cent expressing a lack of confidence in the economy.
The report predicted this number to rise in view of stagnant wages, inflation and higher costs of living that may occur in the wake of a possible recession.
Job dissatisfaction and a lack of work-life balance came in at fourth and fifth places at 23 per cent and 21 per cent respectively.
The report also examined the top five things that Singaporeans were most happy about.
Area of residence topped the list, with approximately 78 per cent of respondents ranking Singapore to be the best in the world, reflecting a sense of pride in their residences.
Close family ties ranked second on the happiness scale while spirituality, social support networks and personal time came in at third, fourth and fifth places respectively.
86 per cent of young adults reported being happy with the closeness they felt with their family. This was the highest percentage compared to the other age categories'.
The study discovered that the happiest people in Singapore were the baby boomers.
Their overall net happiness score was 11.4 per cent, 4.6 percentage points higher than the least happy group, the young adults.
The middle age category was found to be the stressed and sandwiched class.
The research study was conducted in June this year by integrated marketing communications firm Grey Singapore.
200 respondents between 18 and 60-years-old, representative of the local population on age, gender and race, participated in the study.
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