Recently, there is a controversial policy published by Chinese government says that will raise the retirement age gradually to 65, which is 5 and 10 years longer than the current ages for men and women. This news is being the hot topic on internet.
Why would this happen? Most people assumed that it is because of the aging problem. Since last 80’s, the population and family planning had been carried out, all family was allowed to have one child to have the population of China controlled. It did work for 2 decades, but as the first “only children” have been growing up, their parents growing old, and the aging problem is becoming increasingly evident. There is not enough people of young generation support the old, therefore, the problem of burden of the social insurance and the medical insurance is getting worse. So this raising the retirement age is needed in this situation.
However, this may not be the best answer to the problem. Raising the retirement age will require the old people would be still doing their job, the young generation would be jobless since they were occupied by those aged, and it will certainly increase many other social problems.
Anyway, I think the government should have other plans to prevent the problem getting worse. Such as encourage people to buy commercial insurance, promote the medical reform, not just raise the retirement age.