Half of Hong Kong adults belong to the “Sandwich Generation”

hong kong sandwich housing

Personal relationships are under financial strain, while housing and living arrangements are of major concern to Hong Kong people according to the 2017 Prudential Relationship Index, recently announced by Prudential Hong Kong Limited. The findings highlight a need for more fulfilling relationships and comprehensive financial planning for the people in the city.

The Prudential Relationship Index explores how relationships measure against people’s needs and expectations. In the 2017 findings, Hong Kong records a Prudential Relationship Index score of 64 out of 100, representing a six-point rise in relationship satisfaction year-on-year, but also indicating that Hong Kong people are the second-least satisfied among the surveyed markets in Asia in terms of relationship fulfillment.

Among the findings, the Prudential Relationship Index highlights Hong Kong’s “Sandwich Generation” and the significant contrast between the need for them to feed their family and their expectation to be fed in old age. The study also shows that housing and living arrangements often lead to tension between couples and constitute a major cause for arguments.

The 2017 Prudential Relationship Index provides strong proof points to the presence of a “Sandwich Generation” in Hong Kong – adults who currently provide day-to-day financial support to both their parents and children, despite not expecting the same in return.

Almost three in four adults (73%) support their parents’ daily expenses, while 50% of Hong Kong parents give money to their children on a weekly basis. Despite these family responsibilities, only 19% of adults expect to rely on their children for financial support in their old age – lowest in Asia.

Living arrangements are also a significant stress for relationships in the city according to the latest PRI findings – 62% of unmarried adults and 17% of married couples in Hong Kong live with their own parents or parents-in-law.

According to the 2017 Prudential Relationship Index, 41% of adults and more than half of unmarried couples (53%) cite buying an apartment or flat as a key financial goal.

Housing arrangements have a clear impact on relationships in Hong Kong. While 23% of Hong Kong couples argue about their living situation, the figure increases to 26% among those who live with their parents.

Discover more on this website

How can you buy a property in London? Having a human population of more than 9.6 million, Greater London is undoubtedly a largely inhabited city having a molten pot of multi-ethnic inhabitants from all over the modern world. As the heart of the UK’s economic system, national politics as well as tradition this urb...
Improve your front porch and impress the buyers In general, you cannot peek in the quality or features of any product unless you purchase it or begin to use it, but nevertheless you buy it off the market depending entirely upon its outlook. If it appeals you, you become willing to put your money on stake and buy but if it ...
Home Tour: Endless Greenery – A modern urban... Eclectic, modern, pet-friendly, airy, plant-obsessed… All of those descriptors describe Libby + Cary’s home in Atlanta, Georgia; but our most favorite description of all: modern meets urban jungle loft. Yup! Brimming with greenery, a plethora of paintings and artistic creatio...
Remodel your basement to serve your needs and oppo... A basement is perhaps one of the most versatile parts of your entire house. It has no fixed purpose but instead can be adapted into a multitude of things such as a recreation room, office, studio, library or a guestroom. It can serve whatever task you deem it worthy for, prov...
Share This Post On

Pin It on Pinterest

Share This