NewsMakers
Survey debunks (and confirms) workplace myths on millennials
Much has been said about millennials, the segment of the population that typically falls in the 18-29 age range. Every aspect of their behavior, from their TV viewing habits and shopping preferences to home and workplace behavior, is constantly being scrutinized.
Much has been said about millennials, the segment of the population that typically falls in the 18-29 age range. Every aspect of their behavior, from their TV viewing habits and shopping preferences to home and workplace behavior, is constantly being scrutinized.
With many applicants and new hires coming from this segment, companies are eager to know what makes millennials tick, what motivates them, and perhaps most important of all, what would make them stay with the company. To do this, we need to separate the facts from the myths, the conclusions from the assumptions, and confirm or debunk them as needed.
This is exactly what Prague-based fintech company Home Credit—itself an employer to more than 4,800 millennials, or 82% of the Home Credit PH workforce—did, as it recently surveyed close to 600 applicants about their career and workplace preferences (you can check out the survey here).
With close to 80% of the respondents falling under the 18-29 range, it gave plenty of interesting insights about millennials, while shedding some light on the other/older respondents, too—allowing us to determine whether the following are simply myths, or solid facts:
Myth or fact: work location is everything
It is almost universally agreed by all Filipino workers, young and old, that traffic is no fun—and no good. But some say that millennials don’t mind a few hours of commute daily if it means working at a fast-paced business district, where all the action is (and where the top companies are).
According to the Home Credit survey results, millennials are virtually split between preferring to work close to home (48%), or work in a top business district (52%). A similar split is seen in the 30-something segment, with 49% wanting their office to be near home.
Myth or fact: it’s all about the money
It’s no surprise that salary is a top consideration for employees, especially young ones, while older workers—many of which might have families to support—also want good benefits for their loved ones. In fact, 67% of Home Credit’s 30 years old and above respondents chose having good benefits for their families over simply having a high basic salary.
But what might be surprising is that an even higher percentage of millennials—73%– chose good benefits for loved ones over high basic pay, possibly an indicator of Filipinos’ strong family-oriented culture, even among modern millennials.
Myth or fact: work is life
There are those who say that millennials are hooked on long work hours, especially those in creative-driven industries, while some say that young professionals are actually averse to overtime work, and want to have some “me” time after 6.
But it seems that workaholics comprise a very small minority, as an overwhelming 76% of surveyed millennials put a premium on work-life balance, almost equal to the 77% preference rate of the 30-and-above group.
Myth or fact: size (and name) matters
Another seemingly obvious ‘fact’ is that employees care about the name or image of the company they work for. A big-name company is good, while a small, obscure company is not-so-good. Right?
Not quite—while 54% of young respondents did say that they’d rather word for a big company than a start-up, 46% said that they prefer helping a start-up grow. The discrepancy is even smaller for thirtysomethings, with 48% preferring to work at a big company and 52% wanting to offer their services to a start-up.
Myth or fact: millennials = job hopping + quick promotion
The last (and perhaps one of the most popular) myth/fact: millennials are prone to moving from one job or company to another. And while this is not uncommon, 86% of Home Credit’s millennial respondents said that they prefer to grow their careers in the same company—with the 30-and-above group having the exact same rate.
Moreover, 84% of millennials said that they prefer to become specialists or experts in their field before moving up the ladder, while only 16% indicated that they prefer quick promotions.
So what do you think, millennials? Do you agree with the results? Share your thoughts in the comments section.
Home Credit Philippines is a consumer finance provider that promotes the principles of financial inclusion and safe lending, providing world-class financing services to qualified customers, often first-time borrowers. It is headquartered in Bonifacio Global City, Metro Manila, total employee strength is over 5,700 and keeps growing, with over 1,000,000 customers and counting served. Home Credit Philippines is part of Home Credit B.V. (HCBV), an international consumer finance provider.
More information on Home Credit Philippines is available at www.homecredit.ph.
NewsMakers
At-home brain stimulation prevents depression relapse in 3 out of 4 patients, study finds
As up to 85% of people with depression experience relapse during treatment, effective tools for relapse prevention are lagging.
A study, and largest of its kind, has found that at-home brain stimulation can prevent relapse of major depressive disorder in 75% of patients. Published in the Journal of Affective Disorders, the PSYLECT study tracked the long-term effects of home-based transcranial direct current stimulation (tDCS) therapy combined with online behavioral support. The findings revealed that non-drug, at-home treatment could help many patients maintain recovery from depression over time.
In the study, participants who had completed their initial depression treatment had to use at-home brain stimulation twice a week for six months.
Researchers monitored their progress to see whether the therapy could prevent relapse without ongoing clinical support. By the end of the follow-up period, only six of the 71 patients experienced a return of depressive symptoms, while 11 discontinued treatment.
The results showed that most participants maintained recovery using brain stimulation therapy alone, without the need for in-person visits or additional interventions.
As up to 85% of people with depression experience relapse during treatment, effective tools for relapse prevention are lagging.
According to the study, at-home and remotely supervised tDCS therapy can be an effective and scalable option: it achieves results comparable to in-clinic treatment, but can increase access and lower costs, as it doesn’t require clinic visits to receive therapy sessions.
“Home-based brain stimulation bridges a major treatment gap, helping patients sustain long-term recovery after antidepressants or psychotherapy,” said Erin Lee, CEO of Flow Neuroscience, the company behind a tDCS device for depression used in the study. “Many people struggle to pay for visits or travelling to the clinic, or simply are too busy to attend several sessions a week. This is when at-home therapy comes to the rescue.”
Erin Lee added that at-home tDCS-based relapse prevention can be cost-effective for clinics, too, as it reduces waiting times and frees up clinicians.
For patients, another benefit of at-home treatment is high adherence.
“Many people with a history of depression might find it easier to stick to home-based therapy, as it’s less effort compared to regular in-clinic visits,” noted Dr. Kultar Singh Garcha, a GP and Medical Director at Flow Neuroscience. “Even months into treatment, many patients still feel physically and emotionally exhausted, so lowering the effort can help them keep going.”
Beyond accessibility and scalability, researchers found at-home brain stimulation to be safe and well-tolerated, with minimal side effects like scalp itching or headaches. By the end of the study, 40% of participants reported no adverse events at all.
The study was led by the University of São Paulo Medical School and conducted in collaboration with the Ludwig-Maximilians University in Munich, Germany, as well as the University of Ghent, Belgium, Spaulding Rehabilitation Hospital, and Massachusetts General Hospital.
Flow Neuroscience’s medical device, used in the study, is CE-certified and has regulatory approval for depression treatment in the UK, EU, Australia, Switzerland, Hong Kong, and other countries. It is backed by both clinical studies and real-world data of over 50,000 users.
By delivering gentle electrical currents to the brain, the headset regulates activity in the prefrontal cortex, the part of the brain involved in mood regulation and stress response. It is often underactive in people with depression.
“For decades, relapse has been one of the biggest challenges in depression treatment, but this is finally changing now,” said Erin Lee. “We are certain that with home-based brain stimulation therapy, effective and non-drug relapse prevention will become a new mental health care standard.”
NewsMakers
Millennials and Gen Zs prioritize health, purpose, financial independence, but health and wellness gaps persist
Younger Filipinos are placing greater emphasis on healthspan, purpose, and financial independence. However, the study also revealed that while 83% of young respondents have good knowledge about health and wellness, only 76% say they are taking sufficient action to consistently practice healthy habits.
While millennials and Gen Zs in the Philippines are reshaping what it means to live well and live long, significant gaps between awareness and action jeopardize their health, wellness, and longevity aspirations, a new study by Manulife Philippines has found.
According to “#FYP: Future-proofing Young Pinoys: Examining Health and Longevity Perspectives, Sentiments, and Aspirations of Millennials and Gen Zs,” which was conducted among 500 respondents across the Philippines, younger Filipinos are placing greater emphasis on healthspan, purpose, and financial independence. However, the study also revealed that while 83% of young respondents have good knowledge about health and wellness, only 76% say they are taking sufficient action to consistently practice healthy habits.
“With a median age of 26.1, the Philippines has one of the youngest populations in Asia. Our latest study highlights the need to support younger generations in translating their health, wellness, and longevity aspirations into meaningful action. We found that millennials and Gen Zs are motivated to live healthier lives, but barriers like stress, excessive screen time, and sleep deprivation, among many others are holding them back from achieving this goal,” said Rahul Hora, President and Chief Executive Officer, Manulife Philippines.
Motivated to be healthy, but stress gets in the way; Millennial women among the most affected
The study found that millennials and Gen Zs are not short of motivation to pursue their health and wellness goals. While 64% said they are pursuing health to avoid getting sick, and 44% said they want to minimize potential medical expenses, many are equally driven by their personal well-being and self-image about feeling and looking good: 44% said they want to look good or fit, and 43% said they want to look youthful.
Younger Filipinos, especially women, are also putting more focus on healthspan, or the number of the years we live healthily, over lifespan. According to the survey, 60% of female respondents prefer to prolong their healthspans, while 53% of males prefer to prolong their lifespans.
Filipino millennials and Gen Zs face notable health and wellness gaps, from monitoring to their actual wellness behaviors:
- Young Filipinos show significant gaps in health monitoring (awareness vs what they actually monitor), particularly in mobility (24%), nutrition (23%), and cholesterol levels (20%). Gender differences are evident, with young women struggling more with nutritional monitoring (27%) and young men facing greater challenges in mobility monitoring (28%).
- Many young Filipinos find it difficult to consistently maintain healthy sleeping habits (20%), achieve work-life balance (19%), and follow a balanced diet (15%). Women report a larger gap in achieving work-life balance at 22%, compared to the 15% gap among men.
- Stress is the most prominent barrier to wellness, affecting 64% of respondents. Millennials report higher stress levels than Gen Zs (69% vs. 58%), and women are more affected than men (73% vs. 55%). Notably, 76% of millennial women say stress prevents them from pursuing their desired wellbeing—the highest among all generational and gender groups.
- Modern lifestyle habits further compound these issues, with excessive screen time impacting 48% and sleep deprivation affecting 45% of young Filipinos. Trends such as “bedrotting” and “doomscrolling” reflect how contemporary behaviors are undermining their wellness goals.
“We’re seeing that for young Filipinos, intent alone isn’t sufficient. While many are motivated to pursue healthier lives, they’re facing a complex mix of stressors and lifestyle gaps, which make it difficult to follow through. These habits quietly derail their ability to prioritize wellness. That’s why the next step is to find ways to embed wellness into their daily routine. By offering health and wellness-focused programs and collaborations with likeminded partners, we are helping them bridge the gap between intention and action, turning wellness goals into sustainable, everyday behaviors supporting their long-term health and longevity aspirations,” added Hora.
Younger Filipinos view age positively and prioritize attaining purpose and living independently than being illness-free
According to the study, 96% of millennials and Gen Zs surveyed believe aging is a natural process that should be embraced with positivity, while 91% of the respondents believe that living a meaningful life is more important than living a long one. The study revealed a striking perspective on aging priorities, with 83% of respondents believing that living independently and being able to do things that matter most to them is more important than being illness-free.
Millennials surveyed focus more on physical health and family relationships as they age. Gen Zs, on the other hand, lean toward self-discovery, purpose, and making an impact. Only 13% of both generations consider maximizing lifespan as a top priority, with men showing slightly higher interest (17%) compared to women (8%).
“The findings reveal that young Filipinos see aging not as decline, but as a chance to live with purpose and independence,” Hora said. “It is therefore crucial that we create opportunities and support systems for them to live better at every stage of their lives. This means investing in holistic wellness programs, accessible financial health education, as well as tools that address both physical and mental needs, tailored especially for younger generations navigating various stressors of the modern world.”
“As one of the country’s longest-serving insurers, Manulife Philippines is deeply committed to supporting younger generations of Filipinos in their journey toward financial independence and longevity. Through our innovative insurance and investment solutions, and our nationwide network of over 10,000 professional financial advisors, we aim to empower millennials and Gen Zs to live fuller, healthier lives with purpose and confidence as they age,” said Hora.
Financial independence: Younger Filipinos’ ultimate longevity concern
When it comes to living a longer life but also “adding life to years,” financial security tops the list of concerns for both generations. Among the respondents, 74% believe that longevity is a blessing only if they have sufficient financial resources, with running out of money being their greatest worry (61%). Millennials and Gen Zs agree that mental health is a top longevity concern (36% and 47%, respectively). Millennials surveyed are more concerned about keeping ties with children (37%), while Gen Zs are more concerned about living their desired lifestyle (39%).
Gaining financial independence is also a top longevity priority for young Filipinos (52%), followed by family relationships (36%) and physical health (33%). Women, however, prioritize financial independence significantly more than men (60% vs. 44%). This gender gap reflects broader structural realities women face in the Philippines. Despite having longer life expectancies (69.9 vs 63.4), women have lower labor force participation (52.9% vs 76.3%) and are prone to career interruptions due to family and caregiving responsibilities. These factors make financial independence especially urgent for women, who must plan for longer retirement years with potentially fewer financial opportunities.
Financial planning remains one of the many challenges the youth face. Gen Zs surveyed estimate needing PHP22.3 million to achieve financial independence upon retirement, while millennials estimate PHP18.4 million. Yet only 20% of respondents have very high confidence in achieving these goals. Despite the challenges, young Filipinos take proactive steps. Among those who prioritize financial independence, 65% save part of their income, 45% purchase insurance, and 43% actively broaden their financial knowledge. However, 68% admit that sustaining investments remains difficult.
“It’s encouraging to see today’s younger generations starting to take more proactive steps toward financial planning. We’re seeing a shift in mindset, where millennials and Gen Zs are actively saving, purchasing insurance, and expanding their financial literacy. These are promising signs,” said Aira Gaspar, President and Chief Executive Officer, Manulife Investments Philippines.
“The key now is to help them bridge the gap between intention and sustained action, through accessible, flexible investment strategies that evolve with their life stages, financial capabilities, and aspirations. By enabling them with the right tools and guidance, we can help turn financial independence into a tangible, achievable reality for our younger customers in the Philippines,” added Gaspar.
NewsMakers
Drinking any amount of alcohol likely increases dementia risk
Even light drinking—generally thought to be protective, based on observational studies—is unlikely to lower the risk, which rises in tandem with the quantity of alcohol consumed.
Drinking any amount of alcohol likely increases the risk of dementia, suggests the largest combined observational and genetic study to date, published online in BMJ Evidence Based Medicine.
Even light drinking—generally thought to be protective, based on observational studies—is unlikely to lower the risk, which rises in tandem with the quantity of alcohol consumed, the research indicates.
Current thinking suggests that there might be an ‘optimal dose’ of alcohol for brain health, but most of these studies have focused on older people and/or didn’t differentiate between former and lifelong non-drinkers, complicating efforts to infer causality, note the researchers.
To try and circumnavigate these issues and strengthen the evidence base, the researchers drew on observational data and genetic methods (Mendelian randomisation) from two large biological databanks for the entire ‘dose’ range of alcohol consumption.
These were the US Million Veteran Program (MVP), which includes people of European, African, and Latin American ancestry, and the UK Biobank (UKB), which includes people of predominantly European ancestry.
Participants who were aged 56–72 at baseline, were monitored from recruitment until their first dementia diagnosis, death, or the date of last follow-up (December 2019 for MVP and January 2022 for UKB), whichever came first. The average monitoring period was 4 years for the US group, and 12 for the UK group.
Alcohol consumption was derived from questionnaire responses—over 90% of participants said they drank alcohol—and the Alcohol Use Disorders Identification Test (AUDIT-C) clinical screening tool. This screens for hazardous drinking patterns, including the frequency of binge drinking (6 or more drinks at a time).
In all, 559,559 participants from both groups were included in observational analyses, 14,540 of whom developed dementia of any type during the monitoring period:10,564 in the US group; and 3976 in the UK group. And 48,034 died: 28,738 in the US group and 19,296 in the UK group.
Observational analyses revealed U-shaped associations between alcohol and dementia risk: compared with light drinkers (fewer than 7 drinks a week) a 41% higher risk was observed among non-drinkers and heavy drinkers consuming 40 or more drinks a week, rising to a 51% higher risk among those who were alcohol dependent.
Mendelian randomisation genetic analyses drew on key data from multiple large individual genome-wide association studies (GWAS) of dementia, involving a total of 2.4 million participants to ascertain lifetime (rather than current) genetically predicted risks.
Mendelian randomisation leverages genetic data, minimising the impact of other potentially influential factors, to estimate causal effects: genomic risk for a trait (in this case, alcohol consumption) essentially stands in for the trait itself.
Three genetic measures related to alcohol use were used as different exposures, to study the impact on dementia risk of alcohol quantity, as well as problematic and dependent drinking.
These exposures were: self-reported weekly drinks (641 independent genetic variants); problematic ‘risky’ drinking (80 genetic variants); and alcohol dependency (66 genetic variants).
Higher genetic risk for all 3 exposure levels was associated with an increased risk of dementia, with a linear increase in dementia risk the higher the alcohol consumption.
For example, an extra 1-3 drinks a week was associated with a 15% higher risk. And a doubling in the genetic risk of alcohol dependency was associated with a 16% increase in dementia risk.
But no U-shaped association was found between alcohol intake and dementia, and no protective effects of low levels of alcohol intake were observed. Instead, dementia risk steadily increased with more genetically predicted drinking.
What’s more, those who went on to develop dementia typically drank less over time in the years preceding their diagnosis, suggesting that reverse causation—whereby early cognitive decline leads to reduced alcohol consumption—underlies the supposed protective effects of alcohol found in previous observational studies, say the researchers.
They acknowledge that a principal limitation of their findings is that the strongest statistical associations were found in people of European ancestry, because of the numbers of participants of this ethnic heritage studied. Mendelian randomisation also relies on assumptions that can’t be verified, they add.
Nevertheless, they suggest that their findings “challenge the notion that low levels of alcohol are neuroprotective.”
And they conclude: “Our study findings support a detrimental effect of all types of alcohol consumption on dementia risk, with no evidence supporting the previously suggested protective effect of moderate drinking.
“The pattern of reduced alcohol use before dementia diagnosis observed in our study underscores the complexity of inferring causality from observational data, especially in ageing populations.
“Our findings highlight the importance of considering reverse causation and residual confounding in studies of alcohol and dementia, and they suggest that reducing alcohol consumption may be an important strategy for dementia prevention.”
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