What does a world with billions of old people look like? Asian countries are searching for answers
What does a world with billions of old people look like? Asian countries are searching for answers
- January 30, 2023
- Wang Feng, sociology, Grid, Jan. 30, 2023
-----
Beyond the workforce issues, China — like the other aging nations — will need to care and provide for its fast-growing group of older citizens. Wang Feng, a sociologist [and professor] at the University of California, Irvine, wrote in a 2018 study that pension costs could burn up half the government’s revenue by midcentury. Meanwhile, healthcare costs will soar. In China, young people have typically cared for elderly family members, but with fewer and fewer young people, the state will face a greater burden.
For the full story, please visit https://www.grid.news/story/360/2023/01/30/what-does-a-world-with-billions-of-old-people-look-like-asian-countries-are-searching-for-answers/.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Share on:
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