Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Chinese Elderly Can’t Bear It Anymore: Starting to Rebel, 80 Million Stop Paying Pension" video.

  1. Precisely. They should save their money in gold as our ancestors did at one point.
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  2. The gentleman would need to sell about 30 lots of his chives to afford that $2 tofu-quality chair.
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  3. The CCP could afford 100000000x what Jack Ma could, any yet they neglect the pensioners and you didn't demand the CCP to give them money but instead implied that Jack Ma should give them the money that he earnt through his own work.
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  4. Chinese Elderly Take a Stand: 80 Million Refuse to Pay Pensions, Prompted by Financial Struggles and Lack of Government Support 😔 Elderly vendors in China continue to work despite their age due to financial constraints and lack of government support. 00:18 The 79-year-old vendor relies on selling vegetables and his pension to make ends meet. 00:18 The elderly man pays his medical bills out of pocket and recently spent thousands of yuan on treatment. 00:32 The aging population in China is rapidly increasing, leading to issues surrounding aged care. 01:19 The one-child policy in China has led to a burden on the middle-aged generation who have to support both sets of parents. 02:00 Many people born in the 80s and 90s are constantly at the hospital accompanying their parents and children. 02:23 💰 China is facing a retirement wave as the post-1960s generation retires, leading to inadequate pension funds and wealth disparities. 02:51 China will face its largest-ever retirement wave in the next decade, with the post-1960s generation retiring at an average rate of 20 million people per year. 02:51 The shrinking employed population and growing elderly population in China lead to inadequate pension funds. 03:23 Around 38 million people in China have suspended their pension insurance, and 43 million have completely withdrawn. 03:38 The situation poses risks to social stability, exacerbates wealth disparities, and reflects public dissatisfaction with government public services and social investments. 04:01 Many people lack optimism about future economic prospects and prefer to focus on their present living conditions. 04:56 📊 The pension system in China has significant disparities between government employees, enterprise workers, and rural residents, with government retirees receiving much higher pensions. 06:17 In Yingtan, the average monthly pension for government employees is 5,080 yuan, while enterprise retirees receive 2,368 yuan, and rural retirees receive only 207 yuan. 06:17 Similar disparities exist in Changchun, where government and public institution pensions are 1.8 times higher than those of enterprise employees and 41 times higher than rural residents. 07:12 The average monthly pension for urban retirees in China is 3,326 yuan, while rural retirees receive only 179 yuan. 07:52 There are approximately 130 million rural elderly people aged over 60 in China, and their pensions are significantly lower than their urban counterparts. 08:05 The CCP's pension system lacks adequate support for the rapidly aging migrant worker population. 09:26 😔 Migrant workers in China face inadequate retirement benefits and lack of pension support, leading to delayed retirement age and hindrance to young labor. 09:35 Rural hukou prevents migrant workers from enjoying better retirement benefits available to urban salaried workers. 09:35 Inadequate social security payments for migrant workers, averaging between 100 yuan and 200 yuan per month. 09:47 China's pension system has a problem of not being able to cover expenditures, with 70% of provinces outliving their pension funds. 10:17 Reduction in medical benefits for the elderly, affecting over 300 million urban residents. 11:01 Protests by retirees demanding the roll back of measures to reduce health benefits in Wuhan, Dalian, and Guangzhou. 12:13 😔 Retired workers in China are protesting against a reduction in their medical insurance benefits, which they argue is a breach of contract and leaves them unable to afford necessary healthcare. 12:52 The medical insurance amount for retired workers in China was cut from 320 renminbi to 160 renminbi, causing widespread dissatisfaction. 12:52 Retirees argue that the reduction in medical insurance benefits is not only illegal but also a breach of contract. 13:31 Many elderly people rely on this small amount of money for healthcare expenses, but the new policy is insufficient to cover even basic needs. 13:49 There is widespread dissatisfaction among the Chinese public due to inadequate medical insurance benefits, and protests are unlikely to settle down easily. 14:33 China's aging population is increasing, with estimates suggesting that by 2035, the elderly population will exceed 400 million, constituting over 30% of the total population. 15:24 📉 China's pension funds may be depleted by 2035, exacerbating the youth unemployment crisis. 16:34 China's pension funds might be depleted by 2035, according to a report. 16:34 China's government is encouraging older workers to re-enter the workforce to bridge the pension gap. 17:21 Promoting employment among the elderly may worsen youth unemployment in China. 17:38 Chinese youth unemployment rate exceeds 21%, much higher than the OECD average. 17:57 As youth unemployment rises and wage-earning individuals decrease, contributions to the pension fund will diminish.
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