Posted on 03/06/2023 5:17:15 AM PST by marktwain
In China currently, the retirement age for men is 60, while for women, it is 55 for white-collar workers and 50 for blue-collar employees.
These differences will stay in place to ensure policy continuity, said Jin.
Jin said retirement age reform requires overall planning and coordination as it involves many supporting policies and measures.
The reform also faces challenges such as promoting employment and entrepreneurship of older workers through more targeted means, and offering more social security subsidies to those who have difficulty finding jobs and helping them get reemployed, said Jin.
(Excerpt) Read more at china.org.cn ...
The source here is an official Chinese publication.
Hard to find this information.
China also has a smoking rate just as high or even higher than the United States and Canada did during the 1960s and 1970s. That is probably also going to be a factor in their health and population issues.
They need more Chinese workers to blow up those mysterious UFO/Chinese spy balloons. By the way! What the hell ever happened to that crisis anyway? Ain’t heard about Chinese spy balloons for a quite a while now. I guess FJB and his wife, Jilly, milked that one for all they could get.
Interesting how retirement ages are determined. It’s almost arbitrary. I turned 60 last year and not even considering retirement at this time. Not that I need to save more money but what would I do with myself all day? Especially with the wife sitting around thinking up chores to be done and things to do.
“They need more Chinese workers to blow up those mysterious UFO/Chinese spy balloons. “
Kind of hard to do if you smoke three packs of Camels a day.
“China also has a smoking rate just as high or even higher than the United States and Canada did during the 1960s and 1970s. That is probably also going to be a factor in their health and population issues.”
That actually works to their advantage as it means more people drop dead at younger ages, and do so relatively cheap, in that they don’t spend the last 20 years of their lives consuming medical resources.
In the US, at least, the drop in smoking has been blamed for Social Security going broke*, as it was supposed to have been ‘fixed’ forever under Reagan, but now it goes broke in 2032.
*it was ‘broke’ long ago as the money collected from SS was simply spent as it came in, rather than being stored in Al Gore’s ‘lockbox’.
So do the Chinese make the French look hard-working?!?
It is arbitrary.
The concept of retirement is less than a century old. It is a socialist concept.
Everyone wants to be economically independent, where you do not have to work if you do not want to work. That is different than a structured retirement.
However, I think the concept of retirement has resulted in a class of people who are of "independent means". They do not have to worry about bosses, and they are heavily invested in the economy. Therefore, they have "skin in the game" to keep the US economy strong and working.
They’ll raise it to 85. And there won’t be a damn thing that people can do about it. On second thought,I suppose that they can vote their representatives out of office.
Unlike the Chinese,the French don’t have to work 70 hours a week,51 weeks a year for $1.15 an hour just to put food on the table.
Meanwhile, the youth are Lying Flat.
Many of the China millennials have determined that life is better just Lying Flat and doing nothing than working from 9 to 9 six days (996) a week with no chance of advancing or bettering themselves.
Most Chinese don’t either.
But yes, better to live in France than under the CCP.
Still:
https://www.cleiss.fr/docs/regimes/regime_france/an_3.html
That is my wife and me to a T. When we married we committed to a low budget lifestyle relative to our income, raised the kids, paid for their college or trade school as long as they picked a career that made money and researched which training actually got them into the career, saved and invested for our future, and retiring in our 50's.
Math ain't racist.
Provides income, but is not tied to a geographical location.
True that. But as each of us retire (my wife's retired, I'm not yet) I move our money into IRA's and Roth IRA's. We get much better investment options that way. And with Roth IRA's (or Roth 401K's for that matter) it grows tax free.
On my first visit the city,and the countryside,looked like something out of a Soviet Union nightmare. My most recent visit showed a city with glass and steel skyscrapers and traffic jams of Hyundai's and Toyotas. However,when you travel 5 miles south of the city and you're back in the 18th Century.
Just sayin'....
And these figures come from....?
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