Scholars advocate raising the retirement age for the elderly to 65 to promote Hong Kong’s silver economy

Last year's Policy Address mentioned the need to develop a silver economy, improve the quality of life of the elderly, and promote industrial development and commercial activities. Some scholars believe that to promote Hong Kong's silver economy, the government needs to establish more support measures, including raising the retirement age for the elderly to 65.

Raise the retirement age for the elderly to 65

Scholars advocate raising the retirement age for the elderly to 65 to extend their participation in the labor market and promote the development of Hong Kong's silver economy. Such initiatives can help the elderly stay active and increase their social participation, while also helping to alleviate Hong Kong's aging population problem.

Create more support measures

In addition to raising the retirement age, the government should also establish more support measures, including providing employment training and entrepreneurship support for the elderly to encourage them to participate in different jobs and business activities. This can inject new vitality into Hong Kong's silver economy and promote sustainable economic development.

Enhance the quality of life of the elderly

Raising the retirement age for the elderly to 65 will not only promote the development of the silver economy, but also enhance the quality of life of the elderly. While extending their working years, the elderly can continue to enjoy social welfare and medical care services and maintain physical and mental health.

Promote industrial development and business activities

By raising the retirement age for the elderly to 65, industrial development and business activities can be promoted. The participation of the elderly will bring more opportunities and innovative thinking to different industries, promote the diversified development of Hong Kong's economy, and inject new impetus into social prosperity.