China’s Aging Population Challenges Pension System, Leading to Rise of ‘Raising Children for Old Age’

China’s rapidly aging population, with over 217 million people aged 65 and above, has raised concerns about the sustainability of its pension system. This has led to an increase in the number of elderly people relying on their children to provide financial and caregiving support in their old age. While this practice is rooted in traditional Chinese values of filial piety, it also raises concerns about the potential economic burden on younger generations and the hindrance of their independence.

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