www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Make me your Homepage
left corner left corner
China Daily Website

Retirees saddled with kids' costs

Updated: 2013-12-10 23:55
By Gao Changxin in Shanghai ( China Daily)

Retirees saddled with kids' costs

A 97-year-old gynecology specialist, Hu Peilan, gives a patient medical advice on April 12, 2013, in Zhengzhou, Central China's Henan province. Hu is regarded as one of China's oldest doctors and earns praise for her medical skills.


If you're retiring in China, you can pretty much forget about the vacation house in Miami Beach, the trips to Europe and the 18-hole golf courses.

While some of your more fortunate counterparts in the West might enjoy such luxuries, chances are that when you retire here, you will still have to support your kids.

Li Quan, 57, a Shanghai resident, said he never dreamed of owning a beach house. He retired three years ago, and has been helping pay his son's mortgage while holding weekly family dinners with his retired wife.

Working at a US company, the 32-year-old son is by no means a slacker. In fact, the junior Li is among the more successful of his age group, making $1,000-$1,500 a month, depending on perks, and looking at a bright future up the corporate ladder.

It's just that, as a new husband, he is finding himself behind on bills and stretching to provide for his family in a city where home prices are more than 28 times the median annual household income.

"There is no shame in it. It's the reality here," said the elder Li. "It's your son, so you've got to do what you've got to do."

Li is far from alone in China, as HSBC Life Insurance Co found out. In a survey published on Tuesday, the insurer said that more than four in five — 76 percent — of wage-earners in the Chinese mainland expect to significantly fund family members after retirement.

Among those already retired, more than seven in 10 — 71 percent — are burdened with family financial responsibilities, beating the global average of 45 percent.

The survey polled more than 16,000 people in 15 markets, with more than 1,000 respondents from the Chinese mainland.

About 59 percent of people who are still working expect to support their children financially during retirement. Another 10 percent expect to support both their children and their grandchildren. And about 32 percent say they expect to support both their grandchildren and their parents.

Of those already retired, 40 percent are supporting their children, 28 percent their parents and 9 percent their grandchildren, the survey found.

"Today's demanding work environment drives the aspiration for a comfortable and relaxing retirement," said Jim Costello, HSBC Life's appointed CEO designate.

"Funding of dependents in retirement is common within the Chinese mainland, and this factor will continue to be a major consideration in retirement planning," Costello said.

He added that the gap between retirement expectations and reality has resulted in retirees' sacrificing their personal desires.

Chinese parents are more willing to make that sacrifice than their Western counterparts, said Yu Hai, a professor of the sociology department at Fudan University in Shanghai.

The well-being of children is culturally embedded in the minds of Chinese parents, he said.

"In fact, today in China, the common thing is for parents to chip in for a child's home. Not chipping in is uncommon."

That's if the parents have the financial means to contribute. If they don't, they are more willing to open their doors to the younger generation, and the children move in for the economic advantage.

Today's difficult economic reality, combined with parents' willingness to provide, has created a growing group of "mama's boys" who turn to their parents for support, Yu said.

A 2011 survey by Shanghai's family planning authorities found that about 30 percent of young married couples live with their elders.

Wage increases in China since the country's opening-up in the 1980s hardly meet the growth of home prices. And a leaky social security net requires people to save extra money beyond what is needed for a house.

All this combines to make an arduous life for young people who are trying to start families of their own.

In Hong Kong, where home prices and population density are among the world's highest, more than 90 percent of new graduates live with their parents, according to local media reports. All in all, in many cases, not much money is left for fun after retirement.

In response, more retirees these days are seeking continued income through another job, rather than relaxation. And the government may help.

8.03K
 
...
Hot Topics
A sailor from British Royal Navy destroyer HMS Daring tries to catch a mooring line to dock in the north side of the bund at Huangpu River in Shanghai December 10, 2013.
...
...
主站蜘蛛池模板: 欧美jizzhd精品欧美另类 | 欧美成年免费a级 | 国产亚洲欧洲一区二区三区 | 黄页网址免费观看18网站 | 色老头一区二区三区在线观看 | 一区二区三区久久 | 在线观看免费a∨网站 | 亚洲日韩视频免费观看 | 欧洲性大片xxxxx久久久 | 国产手机在线视频放线视频 | 免费中文字幕一级毛片 | 精品视频自拍 | 国产精品日本不卡一区二区 | 怡红院免费的全部视频国产a | 成年女人永久免费观看片 | 国产成人精品综合网站 | 亚洲人妖女同在线播放 | 一区二区三区伦理 | 国产精品96久久久久久久 | 久久香蕉国产精品一区二区三 | 不卡午夜视频 | 久久99精品久久只有精品 | 久草在线中文最新视频 | 草草草影院 | 日韩一区二区三区四区不卡 | 国产色视频一区二区三区 | 欧美一级二级片 | 深爱激情五月网 | 精品免费久久久久久成人影院 | 久久精品一区二区三区中文字幕 | 中国一级毛片在线观看 | 韩国一级特黄毛片大 | 亚洲国产欧洲精品路线久久 | 日本在线观看一级高清片 | 国产美女一区二区 | 91精品全国免费观看 | 久久91亚洲精品中文字幕奶水 | 深夜福利网址 | 日韩中文字幕在线看 | 免费观看国产精品 | 成人国产一区 |