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Breadwinners support at least 3 relatives financially: survey
Breadwinners support spouses/partners, parents/in-laws, and children.
Breadwinners in Hong Kong aged 30 or above with liquid assets of $1m or more manage finances for an average of three family members, Hang Seng reported.
This includes spouses/partners (55%), parents/in-laws (55%), and children (48%).
Hang Seng found that over 80% of respondents or their family members have overseas spending needs, such as expenses for children’s overseas studies, family living costs abroad, short-term work/stays, and overseas investments.
Hang Seng surveyed about 400 Hong Kong residents on family financial planning.
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