Comment on the Trend and the Size of Poverty in Hong Kong Society. to What Extent Do You Consider the Present Social Security System Would Be Effective to Alleviate Poverty in Hong Kong?
Introduction In such a cosmopolitan city as Hong Kong, it is not uncommon to see a number of affluent parents spending a large sum of money on their children, ranging from joining calligraphic class to extra physics tutorial lessons, and from buying the most updated mobile phones for them to sending them to overseas schools. This practice is even becoming increasingly popular due to the economic boom in recent years. By contrast, despite the seemingly prosperity of this city, there still exists a number of people living in destitute, with many …show more content…
Definition of Social Security Social Security is a societal and collective measure to provide income support or financial support to people who are confronted with risks and contingency of life such as sickness, death, retirement, unemployment, accidents and disability (Tsoi, 2002). Its aims are basically to relieve poverty, meet people’s basic needs and get people to work (Ibid.).
Social Security systems in Hong Kong After knowing the seriousness of the poverty problem in Hong Kong and its factors, it is of paramount importance to see if the current social security strategies adopted in Hong Kong are adequate enough to address the