The Young Reporter

The Pandemic Infodemic Fighting fake information during COVID19
- 2020-07-09
- The Young Reporter
- 2020-07-09
By Rachel Yeo

Playing Underground: Hong Kong's lesser-known independent music scene
- 2020-07-09
- The Young Reporter
- 2020-07-09
By Stephanie Ma

Eczema: More than skin deep Eczema: More than skin deep - Uncovering the struggles of eczema patients and their caretakers
- 2020-07-09
- The Young Reporter
- 2020-07-09
By Phoebe Lai

Invest for your Future: Retirement Savings should now be on Track
- 2020-04-24
- Business
- The Young Reporter
- By: Eurus Yiu、Mereen SantiradEdited by: Oasis Li
- 2020-04-24
Retirement may seem a long way off for young people, but it is never too early to invest for better retirement life. Once entering the workforce in Hong Kong, fresh graduates will start to invest via the Mandatory Provident Fund (MPF) - an employment-based retirement protection system. Under the scheme, both employee and employer are required to make a monthly mandatory MPF contribution, which is equivalent to 5% of the employee's relevant income, with a cap of HKD$30,000 per month. Employees with monthly earnings less than HK$7,100 are exempt from contributing to their own MPF accounts, but their employers are still required to make a 5% contribution. In that case, for someone who has worked for 43 years, he or she will have a minimum of $3 million of savings under the MPF Scheme. However, MPF hasn’t made everyone feel secure enough. The Financial Literacy Monitor 2018 reveals only 34% of surveyed Hongkongersres aged 18 to 79 were confident that they were financially well-prepared for retirement. According to UN World Population Prospects 2019, the average life expectancy for Hong Kong people has reached 85 years, ranking the top in the world. As people in Hong Kong generally retire at 65, retirement can potentially last for more than 20 years. During retirement, your monthly living expenses, medical fees as well as the cost of inflation can come up to much more than you expect. According to the Census and Statistics Department, the average monthly expenditure of retired households is $22,634. However, the survey done by the University of Hong Kong shows that respondents expected an average monthly retirement living expenses of about $12,600, which is less than half the actual monthly expenditure from the census and statistics department survey. Nearly 80% of the respondents considered that the average monthly expenditure after …

Fight or flight: How do Students Abroad Cope with the Global Pandemic
- 2020-04-08
- Health & Environment
- The Young Reporter
- By: Yanni ChowEdited by: Moon Lam
- 2020-04-08
As schools around the world shut to stop the spread of the novel coronavirus, university foreign exchange students struggle over the decision to return home or stay put. In Europe, non-essential incoming travel was banned on March 17, stirring worries among the student community as air ticket prices shot up. Rachel Khun, a German exchange student in the Netherlands, decided to go home, despite Germany having one of the highest numbers of confirmed cases in Europe. "I left the country when face-to-face classes at the university were suspended. Staying at home reassures me," said the 21-year-old, adding that her home in the German countryside has fresh air and open space and she can follow the news in her mother language. "I will not return to the Netherlands unless classes or exams are resumed on campus," said Ms Khun, who was sharing a home with three other students there. Also studying in the Netherlands, Chiara Pierucci, 21, from Italy, decided to stay as the number of confirmed cases there are fewer than in her hometown. "My parents asked me repeatedly to go back home before all flight connections would be interrupted, but I thought that staying in the Netherlands was safer," said Ms Pierucci, who lives alone in a studio apartment with a private toilet. Italy is the most hard hit country other than China, with case numbers reaching 64,000 and a death toll over 6,000 as of March 24. Meanwhile in the Netherlands, the number of confirmed cases is just under 4,000. Ms Pierucci said her main concern is the spread of the virus. "The possible development of the virus is scarier than catching the actual virus," she said, though she also worries about the Dutch private healthcare system, which requires insurance. Alitalia, Italy's main carrier, requires passengers to wear …