The Rapid Ageing Population

April 24, 2018 Health

Between now and 2041, the proportion of elderly citizens – defined as those aged 65 and above – in our overall population will increase from about one in seven to one in three. Government recurrent expenditure on elderly care services in the welfare sector in 2013-14 is estimated at $5. 58 billion, up 12% on last year’s figure. If health services and social security cash payments for the elderly are included, the amount will rise to $55 billion, representing a significant 18. 9% of total Government recurrent expenditure in this financial year.

The rapid ageing population will lead to the continuous rise of the old age dependency ratio (i. e. the ratio of the non-working population who are 65 or over being supported by the working population age 15 to 64) from 172/1000 (172 non-working supported by 1000 working population) in 2010 to 227/1000 in 2021. This also implies a constant decline in labor force in Hong Kong. ?Ageing population Between now and 2041, the proportion of elderly citizens – defined as those aged 65 and above – in our overall population will increase from about one in seven to one in three.

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Government recurrent expenditure on elderly care services in the welfare sector in 2013-14 is estimated at $5. 58 billion, up 12% on last year’s figure. If health services and social security cash payments for the elderly are included, the amount will rise to $55 billion, representing a significant 18. 9% of total Government recurrent expenditure in this financial year. The rapid ageing population will lead to the continuous rise of the old age dependency ratio (i. e.

the ratio of the non-working population who are 65 or over being supported by the working population age 15 to 64) from 172/1000 (172 non-working supported by 1000 working population) in 2010 to 227/1000 in 2021. This also implies a constant decline in labor force in Hong Kong. ?Ageing population Between now and 2041, the proportion of elderly citizens – defined as those aged 65 and above – in our overall population will increase from about one in seven to one in three. Government recurrent expenditure on elderly care services in the welfare sector in 2013-14 is estimated at $5. 58 billion, up 12% on last year’s figure.

If health services and social security cash payments for the elderly are included, the amount will rise to $55 billion, representing a significant 18. 9% of total Government recurrent expenditure in this financial year. The rapid ageing population will lead to the continuous rise of the old age dependency ratio (i. e. the ratio of the non-working population who are 65 or over being supported by the working population age 15 to 64) from 172/1000 (172 non-working supported by 1000 working population) in 2010 to 227/1000 in 2021. This also implies a constant decline in labor force in Hong Kong.

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