Part 6/9:
The impact of the one-child policy has created a demographic landscape that is increasingly lopsided. As birth rates plummeted dramatically, the current generation's size has shrunk, leading to fewer contributors to the pension fund just as more individuals reach retirement age. In the coming decade, 20 million retirees will emerge each year, putting immense pressure on a system already on the brink of collapse.
Young workers often face a dual dilemma: they are not just fewer in number, but also struggle to afford contributions, compounded by their economic conditions. Additionally, compliance issues among companies regarding pension contributions add another layer of difficulty, with only 28% of surveyed firms fully complying with social security mandates.