Why Are China's Youth Boycotting Pensions?

The video discusses China's looming pension crisis, highlighting the demographic challenges and economic implications. It explains the structure of China's pension system, consisting of three pillars, and compares it to global trends. The video also covers the government's measures to address the crisis, such as raising the retirement age, and the public's response to these changes.

What is one of the main reasons for the looming pension crisis in China?

• High unemployment rates

• Demographic changes

• Lack of government funding

• Increased life expectancy

Which pillar of China's pension system is managed by the state and covers over 1 billion people?

• Voluntary corporate pension

• Voluntary individual pension

• Basic pension system

• Private pension funds

What was the primary goal of China's One Child policy introduced in 1979?

• To improve economic growth

• To curb rapid population growth

• To enhance family structures

• To increase the birth rate

How has the One Child policy affected the family structure in China?

• It encouraged multi-generational households

• It led to a four-to-one family structure

• It promoted single-parent families

• It created a two-child family model

What is a significant challenge faced by young workers in China regarding pension contributions?

• High contribution rates

• Lack of awareness

• Limited investment options

• Inability to afford contributions

What percentage of Chinese firms were fully compliant with Social Security support according to a recent survey?

• 50%

• 28%

• 90%

• 75%

What measure did the Chinese government take to address the pension system strain?

• Introducing new taxes

• Raising the retirement age

• Increasing pension benefits

• Lowering the retirement age