by Kim Walker 29 March 2010 12:12:31
People working now do not want to be a burden on their own children – a big generational change in Hong Kong.
Sun Life Financial surveyed over 400 employed and retired people in Hong Kong in early 2010 to create what it has termed an 'Unretirement Index'.
Read their Press Release here.
29% of the younger generation expect to get financial support from their children during retirement, compared with 61% of the
retired generation. Download the relevant slide here. Unfortunately, the small sample size of the 'retired group' throws the results under a shadow but the finding is interesting nevertheless as it indicates a marked shift away from the more traditional, confucian attitudes to ageing and filial piety.
There are loads more insights in this research so if you want more of the report, write to Alex.Daniel@sunlife.com.
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