Singapore is a poster nation for outstanding achievements – for being a global financial center, home to a world-class city airport and our iconic Marina Bay skyline. In the same vein, Singaporeans have gained a reputation for being results- and numbers-driven – hence the coining of the Singapore 5Cs – Cash, Car, Condo, Credit Card and Country Club.

A new survey by Circles.Life reveals a very different side to Singapore that validates what we have been guessing for years – the old 5Cs are out. Conducted in partnership with YouGov, the survey captures the perspectives of over 1,000 respondents representing the nation’s population make-up, and reveals that Singaporeans today value a whole new set of life priorities.

Quality over Quantity. Singaporeans across all generations now value mental well-being more than owning a car or condo.

Top three most important priorities of Singapore residents –

1. Having good mental well-being (70%)2. Spending time with those who matter the most (66%)3. Being able to live carefree and just go with the flow (45%)

Top three least important priorities of Singapore residents –

1. Being part of an exclusive club (90%)2. Owning a car (74%)3. Owning a credit card (69%)

“As part of our #MoreThanAnyNumber movement, we hope to continue to champion the view that everyone can define and create their own success. These survey findings confirm what we believe – that Singaporeans today are no longer preoccupied by metrics-based achievements or material possessions. Instead, they want a better quality of life, better mental well-being, and to be able to live on their own terms,“ said Jeanette Wong, Singapore Growth Lead, Circles.Life.

Experiencing a global pandemic has caused a profound shift in what Singaporeans value.

The pandemic has likely contributed to this shift in priorities. According to the survey, about two out of three Singaporeans value mental well-being more today compared to two years ago. In addition, 61% of Singaporeans value spending time with loved ones and 46% value a carefree life more than they did two years ago. These findings are aligned with global reports, confirming that the pandemic has deepened our commitment to mental well-being, making it the number one priority across the world.

A bridge across the generations – Gen Zs and Baby Boomers value mental well-being more than other generations.

While it may be no surprise that Gen Zs (aged 18 – 25) value mental health with 69% ranking it their top life priority, the survey revealed that 74% of Baby Boomers (aged 58 – 76) and 70% of Gen Xs (aged 42 – 57) have ranked mental health even more highly as their top priority, alongside millennials (aged 26 – 41) coming slightly behind at 68%.

The takeaway? Your boss and parents may care more about your mental well-being than you think.

Circles.Life introduces Singapore’s new value-based 5Cs that reflect how Singaporeans today view life as #morethananynumber

These findings point to a simple fact – it is time to move on from judging success by results-based achievements or material possessions. The survey shows a desire among Singaporeans to prioritise mental well-being, loved ones and living a carefree life, regardless of age or gender.

To reflect these shifting values, Circles.Life introduces the new value-based 5Cs of Singapore – Compassionate, Carefree, Connected, Courageous and Creative. These 5Cs are the top five values as ranked by respondents out of a list of seven values (Compassionate, Carefree, Connected, Courageous, Creative, Curious, Cultured). They are based on a series of statements that respondents react to – from strongly disagree to strongly agree.

The survey revealed that there’s more to Singaporeans than their outstanding achievements. In fact, being compassionate is the value that Singaporeans most relate to – with 74% saying they’d like to lend a helping hand to those going through times of difficulty and 71% believing there should be greater equality among the different ethnicities, genders, sexualities and economic statuses.

This is not the first time that the digital telco has challenged societal norms when it comes to priorities and values. In 2021, Circles.Life sparked conversation around Singapore’s emphasis on numbers in its #morethananynumber brand campaign – exam scores, salary, life milestones. These latest survey findings validate that the majority of Singaporeans are ready to move on from these traditional life priorities and values, and to embrace new ones.

“Challenging the status quo has always been part of Circles.Life’s DNA. We never let ourselves be shackled by rules or the expected. This mindset has enabled us to consistently disrupt the legacy telco industry by not simply doing things the way they’ve always been done, but by doing what’s right for the consumer,“ said Jeanette Wong, Singapore Growth Lead, Circles.Life.

To meet the evolving pursuits and values of Singaporeans, Circles.Life presents solutions to power the new 5Cs so they can live life on their own terms.

Want to know which of these 5Cs you belong to? Head over to Circles.Life’s website to take the quiz today.

About Circles Global

Circles Global is the fastest growing technology firm in the telco industry with operations across eight countries globally. Circles is leading the transformation of the telco industry with a technology first, SaaS based approach.

Circles’ proprietary Circles-X Operating System (CXOS) is the world’s first cloud native, full stack telco operating system. This telco SaaS offering currently supports multi million subscribers across our own and partner markets, enabling significant improvement in economics and customer experience.CXOS powers Circles’ own consumer operations (under Circles.Life) across Singapore, Australia and Taiwan, where it directly operates digital telcos and is the region’s fastest growing telco offering multiple digital services.Global telcos in markets such as Japan and Indonesia have leveraged CXOS to provide a best in class experience and an ecosystem of digital services to its customersIn all markets, CXOS has demonstrated game changing outcomes such as sizable improvements in NPS, ARPU, operating cost and agility for telcos.Circles is backed by global investors such as Sequoia, Warburg Pincus, EDBI and Founders Fund – renowned institutions with a track record of backing industry-shaking innovators. To learn more, visit www.circlesglobal.com.Media Contact

AKA Asia on behalf of Circles Global[email protected]