This study aims to investigate age-related differences in social spending preference in an Asian context, drawing on a random survey of more than 1000 adults in Hong Kong in 2013. Contrary to popular belief, older adults in Hong Kong hold a negative view toward welfare spending, especially when it is directed toward the poor population. In contrast, descriptive statistics reveal that younger people tend to support increased social spending on welfare assistance for the disadvantaged. The findings in this study provide evidence that reciprocity and solidarity in intergenerational relationships are present in Hong Kong. This demonstrates the nature of shifting social values held by different generations in a dynamic and demographically pressured Asian context. Amidst rising intergenerational conflict in different contexts in Asia, this study has profound implications for policymaking.