What Is the ‘Problem’ of An Ageing Population?

In Hong Kong, as in other developed economies, people are living longer and longer lives. Yet, at the same time, fertility rates have fallen dramatically, leading to a decline in population. Indeed, Hong Kong leads the world in having the lowest per capita birth rate. Immigration from the Mainland has also fallen in recent years. The combination of these factors has resulted in the increase of the average age of the Hong Kong population…