Anonymous asked in Social ScienceEconomics · 1 month ago

Is Hong Kong considered affluent even though they had high GDP per capita? Housing and car ownership is out of reach for most people. ?

Compared to a less affluent third world country, wages are 1/3 less , but a working couple could afford a house 400 square meters , and 2 cars. 

1 Answer

  • JuanB
    Lv 7
    1 month ago

    Compare it to America where healthcare is out of reach for most people.  No car ownership and can't afford to own housing?  Sounds like you are describing New York City.

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