The Hong Kong Equation
To understand why Hong Kong's young people are rethinking work, you first have to understand the impossible math they face every day. It's not about laziness or entitlement—it's about a city where the rules of success have fundamentally changed, while the expectations have not.
Hong Kong has been ranked the world's least affordable housing market for over a decade. The median home price sits at 16.7 times the median annual household income—meaning a young graduate earning HK$20,000 per month would need to save every cent for nearly 17 years to afford a modest flat. And that's before food, transport, or any semblance of a life.
The Lying Flat Paradox
A 2024 survey by the Hong Kong Federation of Public Housing Estates found that 30.5% of respondents aged 18-40 would deliberately decline promotions and salary increases—choosing to "lie flat"—specifically to remain eligible for public housing. When 85% of respondents say unaffordable private housing is driving this phenomenon, it's clear: for many young Hong Kongers, ambition has become a liability.
The result is a generation making calculations their parents never had to. Work harder, earn more, and price yourself out of the only housing you might actually afford. Or work less, earn less, and wait five years for a government flat while living in a subdivided room the size of a parking space.
Over 220,000 Hong Kong residents—including 50,000 young people—currently live in subdivided flats, cage homes, and coffin cubicles. These are spaces as small as 30 square feet, often with shared bathrooms and no windows. The median living space per person in these units is smaller than a prison cell.