“Almost five years since [one-child] policy ended, we have not seen the baby boom,” said Wang Feng, a sociology professor at the University of California, Irvine and Shanghai’s Fudan University. The high cost of raising children and housing prices are often cited as one of the key deterrents to young parents from having one more child. … If this trend continues that might mean not enough young taxpayers will fund pensions for the aging population. “If you compare China, with [its] neighbors, in terms of the per capita income … China is already getting old before it is rich,” sociology professor Wang said. [Starts 1:14]

Listen in at https://www.marketplace.org/2020/10/09/china-one-child-policy-cost-of-raising-children-parents/.

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