Part 3/9:
The reluctance of young Chinese to contribute to the pension system stems from a complex interplay of factors. Economic pressures are paramount; many young workers, like Gao and Humphrey, find themselves in precarious job situations and unable to meet their monthly financial demands. With a significant portion earning less than $1,100 a month, the idea of contributing to a pension fund becomes untenable.
Confidence in the economic landscape also plays a crucial role. Gao expresses a lack of faith in the future of China's economy, a sentiment echoed by many in his generation. The younger workforce, especially among flexible workers, is under significant strain, creating reluctance to invest in a system perceived as shaky or unsustainable.