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Centre for Policy on Ageing | |
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| Future elderly welfare recipients in Hong Kong | | Author(s) | Kee-Lee Chou, Iris Chi, Nelson W S Chow |
| Journal title | Hallym International Journal of Aging, vol 5, no 2, 2003 |
| Pages | pp 183-200 |
| Source | http://baywood.com |
| Keywords | Income [older people] ; Social security benefits ; Preparation [retirement] ; Social surveys ; Hong Kong. |
| Annotation | It has been estimated that the number of people aged 60+ in Hong Kong will increase from 1 million in 2001 to approximately 1.6 million by 2015. In 2001, there were 1.2 million soon-to-be old adults aged between 45 and 59. In a survey of 1,867 people aged 45-59 in 2000, the authors found that 21.5% of them planned to rely on welfare as their first or second methods to maintain themselves after retirement. Based on this result, it is estimated that, in the next 15 years, the percentage of welfare recipients in the older population might increase 60%, whereas the absolute number of older welfare recipients would be 2.5 times that currently. Further analysis indicated that, compared with other soon-to-be-old adults, those who selected welfare as their first and second choice to secure retirement income were most likely to be unemployed, to receive welfare, to lack financial support from family (especially from adult children), to have lower income and financial assets, and not to have any retirement protection provided by their current employers. (RH). |
| Accession Number | CPA-041026209 A |
| Classmark | JF: JH: GA: 3F: 7DR |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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