Upper Middle Class Income Hong Kong
Social class which is determined by such factors as occupation wealth income education power and prestige is another societal factor that can affect consumer behavior the best known classification system includes upper upper lower upper upper middle lower middle upper lower and lower lower class.
Upper middle class income hong kong. The median monthly domestic household income for 2014 was 23 500. The average household income of the top 10 per cent of the population increased by 21. In a testament to au s popularity with middle income voters. The next day tsang who earns hk 302 205 bt1 153 500 a month and liv.
Between 2005 and 2010 hong kong s gross domestic product grew by 26 per cent and the top earners did well. Critics have pointed out that hong kong s middle class is exhibiting a trend of downward mobility and that the government should have more initiatives to help the middle class to strive for upward mobility. If you make more than hk 30 000 you are in the top 20. Middle class voters on hong kong island stayed loyal to the pro democracy bloc and helped au nok hin win the seat in sunday s.
Many other middle class families posting on forums agreed and shared how even high incomes can t catch up with exorbitant expenses. The number of people worth 30 million or more grew 13 percent in 2017 to 255 810. Wages in hong kong averaged 12797 05 hkd month from 1999 until 2020 reaching an all time high of 17304 hkd month in the third quarter of 2019 and a record low of 10382 hkd month in the first quarter of 2005. Of total monthly household income domestic households under 4 000 5 4 4 000 5 999 5 3 6 000 7 999 4 8 8 000 9 999 4 9 10 000 14 999 11 3 15 000 19 999 10 6.
Hong kong has more multimillionaires than new york according to the world ultra wealth report from wealth x. The people of hong kong had a good laugh two weeks ago when financial secretary john tsang asserted that he understands the worries of the middle class being a member of it himself. This page provides hong kong wage index actual values. The distribution of domestic households in hong kong by monthly household income was as follows.
Wages in hong kong increased to 16967 hkd month in the second quarter of 2020 from 16955 hkd month in the first quarter of 2020.