Hong Kong’s growing wealth inequality: will it be an M- or olive-shaped society?
An ageing society and a widening income gap threaten Hong Kong’s social fabric. In the last of a five-part series on the city’s five-year plan, we look at what can be done to address these key issues. Read part one here, part two here, part three here and part four here. At 71, Man Chi-ying is the sole carer for her husband, Fung Yu-hoi, a Parkinson’s disease patient. Fung, who is also 71, has…
Hong Kong's rapidly ageing population, coupled with a widening wealth gap, poses significant challenges to the city's social fabric. The ageing population, now accounting for a quarter of the total population, is straining public finances and healthcare services. Meanwhile, a shrinking labour force and declining birth rates threaten the sustainability of the country's development.
The city's first five-year plan must address these issues, with experts calling for a comprehensive population policy to mitigate the impact of demographic changes and dwindling fertility rates.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
