To tackle elderly poverty crisis, Hong Kong needs to rethink retirement

Hong Kong faces the prospect of a tsunami of elderly poverty sweeping over society in the coming decades. The question is what to do about it.

The good news is that there are ways to reduce the severity of the problem. The bad news is that these will take time to be effective, so we need to start work immediately.

An important sign of the severity of the situation was provided by a recent study jointly conducted by the Hong Kong Retirement Schemes Association and prominent pension consultant...