{"id":25240,"date":"2024-02-22T03:00:00","date_gmt":"2024-02-22T03:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4341668_AE41668_0"},"modified":"2024-02-22T03:00:00","modified_gmt":"2024-02-22T03:00:00","slug":"almost-nine-in-10-people-actively-seeking-economic-empowerment","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=25240","title":{"rendered":"Almost Nine in 10 People Actively Seeking Economic Empowerment"},"content":{"rendered":"\n

\u2013 Herbalife Asia Pacific Survey<\/b><\/p>\n

KUALA LUMPUR, Malaysia<\/span>, Feb. 22, 2024<\/span><\/span> \/PRNewswire\/ — Herbalife, a premier health and wellness company, released the findings of its latest Asia Pacific Economic Empowerment Survey, which showed that almost nine in 10 people (87%) are currently taking steps to become more "economically empowered". The top actions taken include learning about personal finance, setting clear financial goals, investing in education and skill development, and starting a business or side job.<\/p>\n

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Commissioned by Herbalife<\/a><\/u> and conducted by OnePoll, the survey defined "economic empowerment" as providing people with the education, training, and skills that they need to find a job, earn an income, and become self-supporting. A total of 4,500 respondents from Indonesia<\/span>, Malaysia<\/span>, Philippines<\/span>, Taiwan<\/span>, and Vietnam<\/span> participated in the survey.<\/p>\n

More than one in two (56%) said that their standard of economic empowerment has changed in the past five years, as a result of the pandemic and rise in inflation. Some of the main barriers to achieving economic empowerment were a lack of resources to invest in ideas, not having the right skills for growth in a job, and limited access to credit, money, or other financial services.<\/p>\n

Additionally, there was strong sentiment (72%) that starting one’s own business or doing freelance work felt like the only way to become economically empowered.<\/p>\n

"Recent years have made it harder to achieve economic empowerment amidst inflation, business closures and a tougher lending environment," said Stephen Conchie<\/span>, Herbalife’s regional president for Asia Pacific<\/span>. "As economies struggle to recover post-pandemic, providing solutions toward economic empowerment is critical."<\/p>\n

"In today’s shifting employment landscape, there are a number of opportunities available for individuals looking to achieve economic empowerment by starting their own business. Direct selling, in particular, offers the possibility to start a business at low cost, whilst being supported by ongoing training, resources and a like-minded community," said Conchie.<\/p>\n

According to the findings, economic empowerment varies by country. At least one in two respondents from Vietnam<\/span> (51%) said that it was easier to become economically empowered where they live compared to other countries. In Malaysia<\/span>, Taiwan<\/span>, Indonesia<\/span> and Philippines<\/span>, the percentage was 48%, 48%, 41% and 36% respectively.<\/p>\n

The factors holding respondents back from being economically empowered included:<\/p>\n