#Ageing Population

[blaze-papers]

China Raises Retirement Age for First Time Since 1950s

In a historic policy shift, China has announced a gradual increase in retirement age, marking the first adjustment since the 1950s. The decision, approved by the top legislative body on Friday, aims to tackle the challenges posed by an ageing population and a strained pension system.

Starting January 1, 2025, the statutory retirement age will be raised from 50 to 55 for women in blue-collar jobs and from 55 to 58 for those in white-collar roles. For men, the retirement age will increase from 60 to 63. These changes will be implemented progressively over the next 15 years.

The reform comes as China faces mounting pressure from a rapidly ageing population and a pension system under financial strain. Currently, China’s retirement ages are among the lowest globally, necessitating this significant policy overhaul. The new plan also introduces additional requirements for pension contributions. Beginning in 2030, employees will need to make larger contributions to the social security system. By 2039, a minimum of 20 years of contributions will be required to qualify for a pension.

The Chinese Academy of Social Sciences has previously warned that the main state pension fund could be exhausted by 2035, a projection made before the economic fallout of the COVID-19 pandemic was fully understood. The policy changes are intended to extend working years and increase pension contributions to address these concerns.

China's population has been shrinking for two consecutive years, with a declining birth rate and an increasing average life expectancy of 78.2 years. This demographic shift is placing additional pressure on the pension system.

Reactions to the announcement have been mixed. On Chinese social media platform Weibo, some users expressed frustration and speculated that retirement age might be further extended in the future. Others accepted the changes, noting that they align with global trends in retirement age.

With approximately 300 million people aged 50 to 60 expected to retire over the next decade, China faces a significant challenge in managing its pension system. The effectiveness of these new policies in ensuring the system's sustainability and meeting the needs of its ageing population will be closely monitored.

[nulab-2024]

Rory Stewart’s comments on the ageing population… It’s clearly a big problem - how are we going to deal with it?

[possumsinatrenchcoat]

Aging tumblr user base find this relatable?

[gwydionmisha]

China's ageing population threatens switch to new economic growth model

[dailyhatsune]

the old uncle who refuses to wear headphones on the train

[revisesociology]

The English Longitudinal Study of Ageing

The English Longitudinal Study of Ageing (ELSA) is a scientific examination of how the population of England is ageing from a multidisciplinary perspective. ELSA explores how a number of factors such as income, wealth, social inequalities, past life experiences, work, spending patterns, physical and mental health and well being are all related through the ageing process. The study has been…

[worldelderabuseawarenessday]

2023 WEAAD and Elder Abuse Networks.

“None of these raising awareness activities could be achieved by any one person working alone. Rather, they require many people working together.”

[nrpin]

India pips China in World Population – What’s Next?

The hungry world cannot be fed until and unless the growth of its resources and the growth of its population come into balance. Each man and woman-and each nation-must make decisions of conscience and policy in the face of this great problem. – Lyndon B. Johnson Last year 2022, world population has crossed the eight billion mark. The rate of population growth is slowing down and the next billion…

[notayesmanseconomics]

Japan continues to face both population and real wage declines

Over the years and indeed decades I have been following Japan one of its cultural events has become accompanied by something familiar. The event is the Cherry Blossom season which thanks to a gift from the Japanese embassy is in full bloom in Battersea Park. Accompanying it is invariably media claims that Japanese wages are on the up and this year will be different. So let me hand you over to the…

[wisemansthoughts]

Day 541 of telling people to Have More Babies, The Pending Doomsday of Retirement!

Day 541 of telling people to Have More Babies, The Pending Doomsday of Retirement!

Photo by shutter_speed on Pexels.com The Problem The Developed world and even some parts of the Developing world are facing the largest ever demographic change in history. The combination of increasing life expectancies due to improvements of hygiene and in our diets, coupled with the issue of low fertility rates (approximately the total number of children born to each woman) being way below…

[cathnews]

Covid-19 Omicron outbreak: Infection deaths behind New Zealand’s record 2022 mortality rate

Covid-19 Omicron outbreak: Infection deaths behind New Zealand’s record 2022 mortality rate

New Zealand has just recorded its highest death count in a 12-month period – driven by the Covid pandemic and our ageing population. Statistics New Zealand today released its year-on-year update on births and deaths between September 2021 and September 2022. It showed a “sharp” 10 per cent increase in the mortality rate, with 38,052 registered deaths up from 34,578 in the previous 12 months. Of…

[morrithal]

Davrin is the most handsome man you've ever seen and he's at the Cabela's in bumfuck nowhere in thrifted camo buying bungee cords and a new multi tool and he brought in his dog in and it's not on a leash and it's jumping on people but they're both so beautiful that no one cares

[retrodynamics]

I think all websites need better moderation by actual humans but even more than that I need every website to have the SomethingAwful style mod challenges for when you’ve made a post SO BAD that the mods decide to put you in a Saw trap to solve or be permabanned

[kypopkypop]

Growing up the chubby girl and never being able to get a piggy back ride, you were always the one giving them to your friends. 😔

[ranticore]

continuing on with this pic of onozar. it's funny how you can see how i got better with the brush since colouring in the middle one in april .. i'll have to redo that one