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The more you have, the more dissatisfied. According to the Happiness Index Study on Macau Residents 2014. Apparently, people earning more are the saddest.
Macau residents with the highest monthly income are the saddest, the Happiness Index Study on Macau Residents 2014 revealed yesterday at the Gaming Teaching and Research Cente of Macau Polytechnic Institute.
On a scale ranging from 0 (unhappy) to 10 (happy), Macau residents with an income of higher than MOP70,000 per month scored 6.67, condemning them to be the unhappiest. In terms of the saddest residents, people with a monthly income of from MOP40,001 to MOP50,000 are the second unhappiest (6.75), followed by residents with a monthly income ranging from MOP15,001 to MOP20,000 (6.77).
According to the joint research by Macau Polytechnic Institute and Macau Economic Association, residents earning less than MOP5,000 a month are only the fourth unhappiest, scoring 6.83.
On the other hand, people earning MOP20,001 to MOP30,000 a month are the happiest (7.07), followed by those on MOP60,001 to MOP70,000 (7.00). Residents earning between MOP10,001 and MOP15,000 are the third happiest (6.99).
Traffic jams, inflation and housing are the main problems affecting Macau residents’ lives.
“Macau residents are quite satisfied with economic development, their neighbourhoods and their relationships within the family. However, there are some issues, like traffic jams, inflation and housing that people are not quite satisfied with”, the Chairman of the Executive Board of the Macau Association of Economic Sciences, Lao Chui Ngai, said. “The problem related to housing is the price of property in Macau”.
On a scale of 0 to 10, Macau residents scored 6.99 in terms of happiness, an increase of 0.01 in relation to last year. This study has now been conducted for five years, with the level of happiness always increasing since 2011. The highest score of 7.03 points was recorded in 2010.
“The findings are relatively stable in relation to the previous year. However, if we compare the Happiness Index in Macau to other countries, the results are not bad. In relation to countries that are members of OECD [Organisation for Economic Co-operation and Development] Macau is performing above average”, Dr. Lao Chui Ngai explained.
“The fact that you have rapid economic growth does not mean that people will be happier. When the economy is growing faster and faster it may lead to an increase in the pressure on people’s daily lives, such as the price of grocery products, rents, property”, he said. “You have to use the growth of GDP to enhance the happiness of local residents. Otherwise, it would be meaningless to develop the economy”.
Overall, public transport and traffic (4.37), cost of living (4.66) and living environment (5.42) are the areas most negatively affecting the happiness of Macau residents. On the other hand, family members (7.81), health (7.32) and social relationships (7.11) are the aspects that make residents happier.
At the end of the presentation of the results, Dr. Lao praised the government’s efforts in tackling social problems. However, he suggested they speed up the construction of roads and improve the transport network. He also said that with relation to the cost of living, the price of goods could be more controlled if prices were more transparent and if there were more sourcing channels and competition.
In relation to property, it was said that the administrative procedures to deliver public houses should be faster. It was noted, however, that the population perceived the 24-hour crossing border announcement very positively.
Source
Macau residents with the highest monthly income are the saddest, the Happiness Index Study on Macau Residents 2014 revealed yesterday at the Gaming Teaching and Research Cente of Macau Polytechnic Institute.
On a scale ranging from 0 (unhappy) to 10 (happy), Macau residents with an income of higher than MOP70,000 per month scored 6.67, condemning them to be the unhappiest. In terms of the saddest residents, people with a monthly income of from MOP40,001 to MOP50,000 are the second unhappiest (6.75), followed by residents with a monthly income ranging from MOP15,001 to MOP20,000 (6.77).
According to the joint research by Macau Polytechnic Institute and Macau Economic Association, residents earning less than MOP5,000 a month are only the fourth unhappiest, scoring 6.83.
On the other hand, people earning MOP20,001 to MOP30,000 a month are the happiest (7.07), followed by those on MOP60,001 to MOP70,000 (7.00). Residents earning between MOP10,001 and MOP15,000 are the third happiest (6.99).
Traffic jams, inflation and housing are the main problems affecting Macau residents’ lives.
“Macau residents are quite satisfied with economic development, their neighbourhoods and their relationships within the family. However, there are some issues, like traffic jams, inflation and housing that people are not quite satisfied with”, the Chairman of the Executive Board of the Macau Association of Economic Sciences, Lao Chui Ngai, said. “The problem related to housing is the price of property in Macau”.
On a scale of 0 to 10, Macau residents scored 6.99 in terms of happiness, an increase of 0.01 in relation to last year. This study has now been conducted for five years, with the level of happiness always increasing since 2011. The highest score of 7.03 points was recorded in 2010.
“The findings are relatively stable in relation to the previous year. However, if we compare the Happiness Index in Macau to other countries, the results are not bad. In relation to countries that are members of OECD [Organisation for Economic Co-operation and Development] Macau is performing above average”, Dr. Lao Chui Ngai explained.
“The fact that you have rapid economic growth does not mean that people will be happier. When the economy is growing faster and faster it may lead to an increase in the pressure on people’s daily lives, such as the price of grocery products, rents, property”, he said. “You have to use the growth of GDP to enhance the happiness of local residents. Otherwise, it would be meaningless to develop the economy”.
Overall, public transport and traffic (4.37), cost of living (4.66) and living environment (5.42) are the areas most negatively affecting the happiness of Macau residents. On the other hand, family members (7.81), health (7.32) and social relationships (7.11) are the aspects that make residents happier.
At the end of the presentation of the results, Dr. Lao praised the government’s efforts in tackling social problems. However, he suggested they speed up the construction of roads and improve the transport network. He also said that with relation to the cost of living, the price of goods could be more controlled if prices were more transparent and if there were more sourcing channels and competition.
In relation to property, it was said that the administrative procedures to deliver public houses should be faster. It was noted, however, that the population perceived the 24-hour crossing border announcement very positively.
Source