A population ageing faster than its workforce
The Census and Statistics Department projects that the share of residents aged 65 and over will rise from 20.5% in 2021 to 36.0% in 2046. Over the same period the elderly dependency ratio almost doubles, from about 300 to 632 elderly persons per 1,000 people aged 15-64. In practice, each care worker will be supporting more elders, with more complex needs, for years to come.
Census and Statistics Department, population projections 2022-2046Census and Statistics Department, projection tables (PDF)