Hong Kong residents more afraid of losing their jobs during coronavirus pandemic than people in Australia, Britain and US, new survey says
- New survey says fear of redundancy driving decline in sense of happiness and well-being among city’s residents
- People’s habits also changing with residents reporting spending less and saving more
The study by C|T Group, a London-based research and campaign consultancy firm, found that fear had led to a declining sense of happiness and well-being among the city’s residents.
More than 35,000 people from Australia, Britain, Hong Kong, and the United States have been questioned by the firm in 14 polls since March on their expectations and perceptions of Covid-19, and the impact it has had on health and well-being.
The findings of the latest round were released on Friday. Of the 500 people polled this time around in each of the four markets, between September 11 and 13, 73 per cent of respondents in Hong Kong feared being made redundant, compared to 51 per cent, 38 per cent, and 36 per cent in the US, Australia, and Britain, respectively.
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In response to the pandemic, 55 per cent of respondents in Hong Kong said they had reduced their daily spending, and nearly half said they had saved more money than usual. Both figures were the highest among the four markets.