China stirs trouble with plan to hike retirement age from 60
China stirs trouble with plan to hike retirement age from 60
- November 29, 2020
- Wang Feng, sociology, Bloomberg and MSN, Nov. 29, 2020
-----
China experienced a baby boom in the early 1960s, resulting in more than 200 million people who will reach 60 in the next decade. As a result, China’s leaders will have no option but to increase the pension age during the next five-year plan that begins in 2021, said Wang Feng, a demographer at the University of California, Irvine. “A massive number of people will reach this age during the next five years,” he said. “If they don’t act now that would impose a tremendous fiscal burden.”
For the full story, please visit https://www.bloomberg.com/news/articles/2020-11-29/china-stirs-trouble-with-plan-to-hike-retirement-age-from-60.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightAnalysis: China's birth-rate struggles underscore its millennia-long effort to manage 'the masses'
- Careet RightChina's birthrate plunges to lowest level since 1949
- Careet RightPeng Peiyun, 95, dies; official renounced China's one-child policy
- Careet RightChina enjoys marriage boom as Beijing allows weddings in nightclubs
- Careet RightChina's robot revolution foreshadows its looming population collapse