Preventing economic hardship among Chinese elderly in Hong Kong

Kee Lee CHOU, Nelson W. S. CHOW, Iris CHI

Research output: Contribution to journalArticles

26 Citations (Scopus)

Abstract

Over the next 20 years, Hong Kong will face a rapidly aging population as the number of older adults aged 65 or above increases to approximately 1.4 million by 2021, that is, 17% of the total population. In 2001, there were 1.2 million adults aged 45-59. To assess the differences between these middle-aged adults and the current cohort of older adults, we identified the challenges that Hong Kong society will face in meeting the financial needs of older adults in the coming two decades. In this paper, we examine the retirement economic status of three groups of older adults: those who are financially independent, those who are financially supported by their adult children or children-in-law, and those who are receiving welfare assistance. We describe the current situations of these groups, prevailing social policy, future trends, and recommend policies for tackling problem areas. Copyright © 2004 by The Haworth Press, Inc. All rights reserved.
Original languageEnglish
Pages (from-to)79-97
JournalJournal of Aging and Social Policy
Volume16
Issue number4
DOIs
Publication statusPublished - 2004

Citation

Chou, K.-L., Chow, N. W. S., & Chi, I. (2004). Preventing economic hardship among Chinese elderly in Hong Kong. Journal of Aging and Social Policy, 16(4), 79-97. doi: 10.1300/J031v16n04_05

Keywords

  • Economic status
  • Chinese older adults

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