Hong Kong faces challenge in how to manage its ageing population
According to “Hong Kong Population Projections 2015-2064”, the number of elderly people, those aged 65 or older, in Hong Kong will reach 2.58 million by 2064, around 35.9 per cent of the population. The work force, those aged 15 to 64, will shrink to 3.92 million, or 54.6 per cent of the population).
In 2014, the elderly dependency ratio was 198, meaning each elderly person was supported by 2.4 of working age. The ratio is projected to jump to 567 by 2064, implying that each elderly person will be supported by 1.8 of working age. The average family size is projected to drop from 3.9 people in 1981 to 2.8 in 2024.
In light of the ageing population, the government established the Elderly Commission as an advisory group for elderly policy in 1997. In 2017, the Commission launched an “Elderly Services Programme Plan” in which the importance of “Ageing-in-place”）was emphasised.
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