What might be the causes of poverty in Hong Kong?

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Here are five key causes of poverty in Hong Kong

High cost of housing: Hong Kong has one of the most expensive property markets globally, making housing unaffordable for many low-income individuals and families. Limited supply and high demand contribute to soaring prices, exacerbating poverty.

Income inequality: Hong Kong has a significant wealth gap, with a small portion of the population holding a majority of the wealth. This disparity in income distribution widens the poverty gap and limits opportunities for upward mobility.

Insufficient social safety nets: The social welfare system in Hong Kong has been criticized for its limitations. Welfare benefits may not adequately address the needs of individuals and families living in poverty, leaving them without sufficient support.

Limited job opportunities for low-skilled workers: Hong Kong's economy has shifted towards service industries, creating a demand for skilled labor. However, low-skilled workers often face challenges in finding stable employment with decent wages, contributing to poverty.

Education disparities: Unequal access to quality education can perpetuate poverty. Students from disadvantaged backgrounds may lack resources and opportunities, limiting their ability to acquire the necessary skills for better job prospects and higher incomes.