Ageing Population in Hong Kong

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If I were to show you diagrams of the age structure of Hong Kong in recent years, you would probably be surprised that the population of Hong Kong is currently ageing at a moderate pace. According to statistics, when the new born babies start to become older persons, the population will age at a relatively fast pace in Hong Kong in the middle of next decade. An ageing population will have an impact on the labour force as the number of people in working ages will grow slower than the overall population growth. In fact, the ageing population not only has impact on the labour force but also in other aspects of the city. As we all know, land resources in Hong Kong are very valuable. The land prices keep increasing throughout years. Everyone in Hong Kong is worried about buying their own house. For the ageing population, mostly elderly or retired with no incomes, they also worried about finding places to stay. Originally, the government can provide them with some public housing. But if the ageing population keeps increasing, the supply of housings will eventually be inadequate and the elderly will then be forced to find places that they cannot afford. Some of them may have no choice but go to the 24-hour treatment nursing home. The ageing population has put enormous financial pressure on the government. Apart from their housings, medical expenditure on the elderly is very significant as they are prone to many diseases not only infectious. Therefore, the support and subsidization from the government become very vital to most of the poor elderly. Not only should the government care about the physical health but also the mental health of the ageing population. Some single elderly may think they are the troublesome in society. Thus, the government needs to increase the number of social workers with the expanding ageing population. There is an actual reason to which this problem is attributed --- the low birth rate. Hong Kong’s low birth rate just like the reverse of...
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