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At 1.13 births per woman, Hong Kong Special Administrative Region (SAR) of the People's Republic of China has one of the lowest total fertility rates in the world. Given this low fertility, it is estimated that 26 per cent of Hong Kong SAR's population will be aged 65 and above by 2040 — an extreme level of population ageing. With marriage rates declining and a preponderance of families with one or no children, there is concern that the growing population of older persons will have no family members to provide care and financial support. In a society that emphasizes family responsibility for care of older persons with very little assistance from the government, these childless women and men could run into difficulties in securing support in later life unless they are able to set aside considerable personal savings.
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At 1.13 births per woman, Hong Kong Special Administrative Region (SAR) of the People's Republic of China has one of the lowest total fertility rates in the world. Given this low fertility, it is estimated that 26 per cent of Hong Kong SAR's population will be aged 65 and above by 2040 — an extreme level of population ageing. With marriage rates declining and a preponderance of families with one or no children, there is concern that the growing population of older persons will have no family members to provide care and financial support. In a society that emphasizes family responsibility for care of older persons with very little assistance from the government, these childless women and men could run into difficulties in securing support in later life unless they are able to set aside considerable personal savings.
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Policy Briefs - United Nations Expert Group Meeting on Policy Responses to Low Fertility
