Hong Kong Consumer Income Outlook Stays Resilient Despite Labour Market Pressures

Hong Kong consumer income outlook remains broadly resilient, with about 87% of residents expecting their income to rise or stay stable over the next 12 months despite ongoing labour market pressures, according to a TransUnion survey.

The findings were based on an online poll of 979 adults conducted between Sept.25 and Oct.6, 2025.

While unemployment climbed to a three-year high by end-Q3 and youth joblessness reached 8%, 55% of respondents said their income was unchanged over the past three months.

Inflation in everyday goods ranked as the top six-month concern for 61%, followed by employment prospects at 60%.

About 42% cited worries over trade tariffs, while 38% prioritised building emergency savings and 20% increased retirement contributions.

Only a quarter of respondents said they plan to raise spending on non-essential items.