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Almost 50% Indians say they are ‘struggling’ financially, finds new Gallup survey

How do Indians evaluate their own living conditions? Not very well, according to a new Gallup-Healthways survey that measures well-being using five broad metrics – purpose, social, financial, community and physical well-being. “
The Gallup-Healthways Global Well-Being Index (Global Well-Being Index) is a global barometer of individuals’ perceptions of their own well-being. Well-being has also been shown to influence metrics such as productivity and healthcare costs.

According to the Index, which is a “global barometer of individuals’ perceptions of their own well-being”, Indians’ average ratings of their own lives have been slowly declining. Only a fifth (21%) think they are financially thriving, while 49% are struggling. Asked whether they like what they are doing, 16% say they are thriving, which is higher than the regional average, but is lower than the global average. 49% are struggling on social indicators. The silver lining is the performance on community indicators where 33% are said to be thriving, which is higher than the regional and global average.  However, with increasing urban migration leading to large and densely-populated slum clusters in cities, even this element takes a hit in urban populations (25%) against rural ones (35%). 

The metrics used to measure global well-being levels are broadly defined as: 

  • Purpose: Liking what you do each day and being motivated to achieve your goals
  • Social: Having supportive relationships and love in your life
  • Financial: Managing your economic life to reduce stress and increase security
  • Community: Liking where you live, feeling safe, and having pride in your community
  • Physical: Having good health and enough energy to get things done daily
FINANCIAL WELL-BEING SLIPPING | Create Infographics
The survey also finds that If

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