Hong Kong’s households are nearly twice as much in debt as they were a decade ago, with grass-roots families earning less than what they spend every month, research by the city’s legislature has found.
A survey released by the Legislative Council research office on Monday also revealed retirees’ inability to support themselves solely with their Mandatory Provident Fund pension savings, emphasising a need to accumulate “substantial” retirement money to live…
Source : South China Morning Post
Read more…Hong Kong debt levels double in a decade as property boom takes its toll
