How Severe Will China’s Aging Population Be?

If no major disruptions occur, by 2050, when the post-80s and post-90s generations begin to retire in large numbers, China’s elderly population (age 60+) is projected to reach a peak of 487 million, accounting for approximately 35% of the total population—meaning just two young workers will support one elderly person. (In 2021, the ratio was still five young workers per elderly person.)

Currently, on average:

Public-sector pensions > 2× first- and second-tier city pensions > 2× third-, fourth-, fifth-, and sixth-tier city pensions.

To retire comfortably, you generally need to save the equivalent of 50 times your salary to maintain your current standard of living without decline.

How much should young people save to avoid anxiety in retirement?