Hong Kong Adopts New 21-Indicator Framework to Define Poverty, Replacing Income Metric
Hong Kong will measure the size of its poor using a new 21-indicator framework, abandoning the previous income-based metric said to have overestimated the number of underprivileged people by ignoring billions of dollars spent on public housing and healthcare. In a 224-page report released on Thursday, the government also raised the concept of “social transfer values” for the first time, referring to how much income a family effectively gains by not having to pay full price fo
Hong Kong is set to redefine poverty using a new 21-indicator framework, moving away from its previous income-based measurement. The government believes the old metric overestimated poverty by not accounting for public services like housing and healthcare. The updated approach will incorporate "social transfer values," reflecting the financial benefit of subsidized public services. This comprehensive report aims for a more accurate representation of the underprivileged population. The shift signifies a more nuanced understanding of poverty in the city. It acknowledges the impact of social welfare provisions on living standards.
This policy change reflects a more holistic approach to understanding and addressing poverty, considering non-monetary factors that affect well-being.
📌 Kaynak
Bu haber XML kaynağından derlenmiştir. Tamamı için orijinal habere gidin.
Orijinal haberi oku →