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HK$1 billion is not enough to solve the problem of teenagers, says a researcher

出自香港新聞網 - 樹仁新傳系學生實習習作

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Structure: 8.5 Content: 8 Nice writing and the points are well-organised. It could be written a bit tighter but overall a good story.

By Wong Yan Ting, Tracy on 29th January 2019

A researcher said that the 1 billion commission for youth development was insufficient to tackle the problem of high property price and low upward mobility because these were social issues.

“Teenagers nowadays are not only facing high housing price, but also low mobility,” said Dr. Alvin Cheung the senior researcher of the Our Hong Kong Foundation.

“Therefore, they generally feel depressed and angry because they work hard but they cannot enjoy prosperity,” said Cheung at the Hong Kong Shue Yan University.

Cheung is currently working as a senior researcher at the Our Hong Kong Foundation. It was an organization founded by the former chief executive Tung Chee-hwa in 2014. He is dedicated to focusing on youth’s educational and housing problems. Besides, he gives suggestions for the government's policy for further improvements.

Cheung said that low mobility is a social issue.

He said that IEE and Gini coefficient showed the seriousness of the low mobility in Hong Kong.

Inter-generational Earnings Elasticity (IEE) showed Hong Kong was extremely immobile. The relationship between the income level of father and his son, which meant a son with a dad with a high-income level could enjoy higher mobility than that with a dad with a low-income level. The current IEE of Hong Kong was 0.42.

Also, he said that the Gini coefficient of Hong Kong was 0.53, which was higher than China and some European countries.

“Both of them have an inverse relationship on mobility and show that Hong Kong teenagers are facing the problem of low upward mobility,” said Cheung.

“In order to help young people move upwards, the government should address the city’s widening wealth gap and land supply first,” said Cheung.

However, Cheung did not agree that a further HK$ 1billion could promote youth development.

“It was impossible for the government to tackle the problem low mobility because they government only treats it as an issue of a sort people,” said Cheung.

“The government should stop limiting its youth policy framework and place a greater focus on teenagers,” said Cheung.

He suggested the government to put more resources on education, such as providing more undergraduate degrees.

He also felt sorry when he knew that Hong Kong people need nearly 21 years to become owners if they put away their paychecks.

“Housing problem is getting more and more serious in Hong Kong, becoming owners is impossible to many people,” said Cheung.

"I fully understand why many young people apply for the public rental housing once they are 18 because they have no choices other than that," said Cheung.

He said that if he was born 10 years late, he might also choose to apply for the public housing.

--165136 2019年1月29日 (二) 23:36 (CST)

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