The authors, social welfare researchers from National University of Singapore and Sungkyunkwan University, assess the degree of different assets on life satisfaction of matured adults in Singapore. Qualitative data was extracted from a sample of 5,028 adults aged 55 and above to form this study. The findings show that liquid assets are important to the low life satisfaction class (LSC) while the moderate and high LSC are more concern about their real assets and monthly household income. Real assets have lesser effect on life satisfaction due to the high homeownership rate. Mental health is generally lower among the low LSC. Family structure also plays a great role in life satisfaction. Those living alone are less satisfied. In contrast, a later study by Chan, Raman, Ma and Malhotra cited below argues that individual-level loneliness was more detrimental to health than living arrangement. This article augments my other sources and highlights the need to encourage intergenerational bonding and increase family interactions through programmes and policies.
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