For most men in China the age is 60, much lower than the average of 64.2 in the OECD, a club mostly of rich countries. For female civil servants the age is 55; for blue-collar women it is 50.
Those damn retirees probably get a full pension too! Don’t they know it would be much better for the economy if they had a 401k instead?! That way they could lose it by random chance every 15-20 years and work as a Walmart greeter until they die like the invisible hand intended!
Jokes aside, that explains why whenever I go to China there’s always lots of older people hanging out in public parks having a great time. I just hope that can be me one day.
The Economist, 2021: At 54, China’s average retirement age is too low
Those damn retirees probably get a full pension too! Don’t they know it would be much better for the economy if they had a 401k instead?! That way they could lose it by random chance every 15-20 years and work as a Walmart greeter until they die like the invisible hand intended!
Jokes aside, that explains why whenever I go to China there’s always lots of older people hanging out in public parks having a great time. I just hope that can be me one day.