Hongkongers are ditching the idea that raising a child is a pathway to a golden retirement, survey finds

The Chinese traditional saying of “raising a child to prepare for retirement” is looking increasingly outdated as 26 per cent of Hong Kong parents nearing retirement age help pay for their adult children’s monthly living expenses, while 9 per cent help pay towards a home purchase for their children, according to a survey of AXA Hong Kong.The survey, released by AXA on Thursday, polled 1,013 Hong Kong people earlier this month, tracking the views of parents aged between 49 to 59 and a younger…

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