Hong Kong retirees’ living costs grow 3 times city’s average on more northbound travel

Hong Kong retirees are facing living cost growth nearly three times the city’s average over the past five years, mainly driven by the strong demand for northbound travel, according to a new report. The findings came from the first edition of the Hong Kong-Macau Retirement Expense Index, a gauge reflecting retiree inflation, conducted jointly by the Institute of Financial Planners of Hong Kong (IFPHK) and YF Life Trustees. The index rose to 131.6 in 2026, up from 127 in 2023 and 100 in 2020,...