The average Hongkonger has a monthly disposable income of HK$20,000 after deducting all necessary expenses, according to a study commissioned by Huatai International's Zhangle Global platform.
Hong Kong University's center for financial innovation and development during June and July surveyed 1,512 people aged between 20 to 65, to understand how they managed their surplus after the easing of pandemic curbs.
Most respondents were aged between 30 to 45 - an age group commonly known to have a relatively stable income.
Of the nine age groups surveyed, those aged between 20 to 25 had the lowest monthly disposable income at an average of HK$11,000, while those aged between 60 to 65 saved the most at an average of HK$32,000.
Respondents aged between 25 to 60 all surpassed HK$20,000 in disposable monthly income. Among them, those aged between 30 to 35 had the highest monthly disposable income at HK$27,000, while those aged between 55 to 60 had the least at HK$20,000.
Concerning asset management, the favored methods include cash, bank demand deposits and time deposits, with preferences at 58.9, 58.5 and 44 percent, respectively.
Preferences for equities and insurance were at 27 and 20 percent respectively.
Cash management was considered important by 92.5 percent of subjects, with security, mobility and convenience being primary factors when deciding on financial investments.
