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Breaking the tragic cycle of intergenerational poverty

出自香港新聞網 - 樹仁新傳系學生實習習作

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Structure: 5.5 Content: 5.5 "Solving the problem isn't easy" is not really an informative angle. Also you need to add quotes to the story.

The Hong Kong Government has recently published a number of policies relating to the upward social mobility of young people, such as investing $1 billion in training young people and supporting start-ups company, distributing $4,000 to all Hong Kong eligible citizens, and the " Lantau Tomorrow Vision" project. How effective are these measures? Alvin Cheung, a senior researcher at Our Hong Kong Foundation, attended the weekly meeting at Shue Yan University and pointed out that solving the problem isn't easy.

Alvin Cheung pointed out that the government's 4,000 dollars was only a short assistance, hard to cure the poverty problem. He believes that the government putting 4,000 dollars in other measures to help the elderly, such as subsidizing vaccination for the elderly is also effective as sending 4,000 dollars to all Hong Kong citizens. The problem of poverty can't solved in a short time.

Moreover, Alvin Cheung said that Hong Kong's upward social mobility is relatively weak. He said 'Success hinges on father's deed' is actually mean intergenerational income elasticity (IEE). And the IEE value is about 0.42 in Hong Kong, which is at a high value. The results reflect that the rich and the poor problems in Hong Kong will continue in our generations, that is cross-generational poverty will occur, while wealthy families will be richer. He said the data reveals that the disparity between the rich and the poor in Hong Kong is difficult to narrow.

Alvin Cheung suggested that the government should think about the fundamental problems and enhance resources on education before it can cure the disparity between the rich and the poor. The 1 billion that the government allocated to the Youth Development Commission is only an ineffective help to young generation.

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