70pc of Hongkongers dread rising living costs

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Women taking selfie at the Hong Kong waterfront
Women taking selfie at the Hong Kong waterfront

A Fidelity International survey found that 98 percent of Hongkongers see having savings to deal with emergencies and maintaining their current lifestyle as top financial priorities but only 40 percent feel confident about achieving these goals. Approximately 1,000 Hong Kong residents were interviewed for the poll between June and September. Additionally, 56 percent of the respondents feel optimistic about the future, down 12 percentage points from 68 percent in 2023 but still higher than 49 percent when the pandemic was still raging in 2022. Despite this, many still face financial pressures, with over 70 percent worried about rising living costs and around 60 percent concerned about the economic outlook.

JUNE CHEN

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