Hong Kong Workers Fear AI-Driven Retirement Disruption, Only 20% Feel Prepared: Survey
A survey conducted with 1,004 Hong Kong residents aged 30 and over, who earn at least HK$15,000 (about US$2,239) monthly, found that 55% believe AI developments will impact their career paths and financial stability in the long run. Only 20% feel ready for retirement. Notably, among those aged 30 to 39, 61% express significant concern about retirement prospects, according to T. Rowe Price. Raymond Chan, who oversees intermediary distribution in Greater China for T. Rowe Price, noted, "Retirement is evolving from a single event to a continuous journey." This study highlights growing anxiety regarding the influence of AI on job security and financial health in Hong Kong.
Key facts
- 1,004 Hong Kong residents were surveyed.
- All respondents were aged 30 and above.
- All respondents earned at least HK$15,000 (US$2,239) per month.
- 55 per cent expect AI-driven disruption to destabilise their long-term career and income trajectories.
- Only 20 per cent feel prepared for retirement.
- 61 per cent of workers aged 30 to 39 anticipate a rockier road to retirement.
- The survey was conducted by T. Rowe Price.
- Raymond Chan is head of Greater China intermediary distribution at T. Rowe Price.
Entities
Institutions
- T. Rowe Price
Locations
- Hong Kong
- China