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We have the same trend in Hong Kong, where it was estimated in 2014 to cost $700,000 (USD) to raise a kid [1]. I've several married friends (all Hong Kong loca
by andyonthewings 8y ago
We have the same trend in Hong Kong, where it was estimated in 2014 to cost $700,000 (USD) to raise a kid [1].
I've several married friends (all Hong Kong locals) chose to have pets over kids, and that's also my preference - except I don't want to have pets either.
By the way, there are 150 mainland Chinese migrating to Hong Kong, daily [2]. That means "original" Hong Kongers will be rare eventually.
[1]: https://blogs.wsj.com/chinarealtime/2014/09/04/want-to-raise-a-kid-in-hong-kong-youll-need-700000/ https://blogs.wsj.com/chinarealtime/2014/09/04/want-to-raise...
[2]: https://www.hongkongfp.com/2018/08/15/41000-one-way-permit-holders-moved-mainland-hong-kong-past-year/ https://www.hongkongfp.com/2018/08/15/41000-one-way-permit-h...
- godzillabrennus 8y agoMy takeaway is that its a good time to launch a pet business in Hong Kong.
- coldtea 8y agoAnd a bad time to bet on Hong Kong's long term future.
- omeid2 8y agoWhy?
- coldtea 8y agoReproducing your population is the lowest bar and requirement for a society to have a future.
- omeid2 8y agoI am not convinced that biological-continuation is fundamental to a society's sustenance. As long as people are willing to move into HK or any other place, it will remain a hustling and bustling city, at least for the economic purposes.
- captainmuon 8y ago> By the way, there are 150 mainland Chinese migrating to Hong Kong, daily [2]. That means "original" Hong Kongers will be rare eventually. There are over 7 million people in Hong Kong. I think it's going to take a while for Mainland Chinese to swamp out "original" Hong Kongers at that rate...
- andyonthewings 8y agoThe 150 new migrants are also giving birth of babies, unlike the "original" Hong Kongers who prefer otherwise. So the process is a bit faster than you think, but of course it will take a while.
- pvaldes 8y agoThose children born and raised in Honkong today will be original Hong Kongers eventually.
- lawlessone 8y agoThis really sounds a lot like the alarmist propaganda spread about migrants in other countries.
- deogeo 8y agoAlarmist propaganda that happens to be true. "Moreover, three of four children in the city under the age of six had immigrant backgrounds.": https://en.wikipedia.org/wiki/Frankfurt#Immigration https://en.wikipedia.org/wiki/Frankfurt#Immigration "Even if all migration into Europe were to immediately and permanently stop – a “zero migration” scenario – the Muslim population of Europe still would be expected to rise from the current level of 4.9% to 7.4% by the year 2050." : http://www.pewforum.org/2017/11/29/europes-growing-muslim-population/ http://www.pewforum.org/2017/11/29/europes-growing-muslim-po...
- antoniuschan99 8y agoIt's true. Feel like the Umbrella Revolution was the tipping point. 2040 is only 2 decades away.
- angled 8y agoThose figures are definitely out of date - a quick back of the envelope calculation gives me over HK$1.5m for ESF P1-P13 schooling. https://www.esf.edu.hk/school-fees/ https://www.esf.edu.hk/school-fees/ - and it only goes up from there for the international schools.
- gpetukhov 8y agoPublic schools are free in HK. Going to a private/international school (like ESF) in any other developed country would cost you as much if not more.
- tootie 8y agoAlso, America. At least in cities. I know a load of married couples with pampered dogs who hate kids.