What do China people rely on to provide for the aged?

Some people rely on raising children to prevent old age, which was almost the only support for the elderly more than a decade ago. Old people have no or little financial resources and can only pin their old age on their children. However, if children are unfilial, the life of the elderly will often be miserable.

Some people rely on pensions to support the elderly, pay social security during their work, and receive a certain amount of pension every month after retirement. In fact, it is still very common to rely on social security to support the elderly, but the amount of social security pension is often much lower than our salary before retirement. For example, the monthly salary before retirement 1000 yuan, and the pension after retirement may only be 4000 yuan. If you only live on a pension, the quality of life will drop a lot.

Some people have accumulated a lot of wealth when they are young, but when they are old, they will chew on these old money; Some people return to work after retirement and continue to glow. But now the pressure of life is great, raising children and preventing old age has exhausted our financial and material resources, and with the growth of age, our health will get worse and worse, and the problem of providing for the elderly will become more and more urgent.

Social security is the most basic guarantee of our life, and it is the guarantee of maintaining our basic life. The stronger and unique safeguard function and asset preservation function of commercial insurance can't be replaced by any other financial instrument.