According to the commission of Poverty, 1/6 of Hong Kong citizens live on an income of $3600 or less per month. Here, causes of poverty in Hong Kong will be stated and explained. The Elderly One of the major factors leading to poverty in Hong Kong is of the “ageing population dilemma” Hong Kong has a rapidly ageing population, as of now, the population elderly citizens is 12. 6% of the population of Hong Kong citizens, it is estimated to be a mere 27% by 2033. The life expectancy of Hong Kong citizens is extending as well.
The average life expectancy of a Hong Kong citizen is currently 82. 6 years old. It is estimated that by 2033 the average life expectancy of a Hong Kong citizen would be 85. 5 years old. The elderly dependency ratio is 168, meaning in every 1000 working citizens, 168 elderly citizens are being raised. Here’s the main problem, as the age rate increases, birth rates are decreasing. This means that we are losing potential working citizens that are the foundations of the economic and social growth in Hong Kong. The Adults (Working Citizens)
Whilst the “ageing population dilemma” serves as a major cause for poverty in Hong Kong nowadays, the government is putting their focus in the wrong spot. Whilst putting tackling property development and financial matters, the government fails to see that working citizens are not getting the pay they need to sustain the basic necessities of families. Even with the minimum wage, child care and elderly dependency are areas that have to be put into consideration. One third of the working citizens are working with monthly salaries ranging from $10000 to $20000, this is considered as low income.
I would rather dream Vancouver than Hong Kong. With its beautiful weather conditions and natural atmosphere, Vancouver is regarded as one of the most beautiful cities in the world. Hong Kong, on the other hand, is a booming center for industry and business that suffers from high urbanization and pollution. It is this extreme difference in both climate and scenery that makes Vancouver seem like a ...
In addition to low incomes, the narrow job diversity in Hong Kong is also a major cause of poverty in Hong Kong, making it tough for the younger generation to step into society, not to mention degree holders being more common in society nowadays, society simply could not cater to the wide array of young citizens. Conclusion In conclusion, facing a deteriorating future for Hong Kong, instead of putting too much focus on property development and financial or even caring for the elderly, attention must also be put on the younger generation. Hong Kong needs an even spread of care and support.