The median household income in Hong Kong dropped to $27,100 during the previous quarter of 2022, according to a report published by the Census and Statistics Department. This marks a 4.2% decrease from the last quarter’s average monthly household income of $28,300. The study also found that 13.2% of employees work more than 60 hours a week.
The study, which was released on Wednesday, found that male employees’ monthly earnings decreased by $300, making their median earnings HK$20,700. However, women’s monthly salary remained the same as last quarter, at a median of $18,000. Monthly earnings decreased across a variety of industries, including finance, insurance, real estate and professional services.
While Hongkongers continue to work an average of 40 hours per week, the report states that men now work two hours more per week than they did in the previous quarter. In addition, it found that 13.2% of employees in the city work more than 60 hours a week, which amounts to a 12-hour workday during a five-day workweek.
Earlier this year, Hong Kong took the stop spot as the most expensive city in the world. Another study found that Hong Kong employees were the most stressed in East Asia, as they reported feeling the most stress, worry, anger and sadness in the region. The SAR also ranked No. 2 on a list of Top Overworked Cities in the World.
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