Overview

• Millions of rural migrants in China, now reaching retirement age, cannot afford to stop working due to inadequate pensions.
• The aging workforce, which once fueled China's economic boom, now faces a precarious financial future with pensions as low as $17 a month.
• Economic policies prioritize industrial modernization over social welfare, exacerbating the retirement crisis for older workers.
• Experts warn that without significant reforms, China's pension system may collapse by 2035, threatening widespread poverty among the elderly.
• The disparity in healthcare and pension benefits between urban and rural residents deepens the challenges for China's aging population.