This chapter explores the complexities of China's pension system and its repercussions on family childcare dynamics. With an imminent pension fund crisis, the pressing need to raise the retirement age complicates family structures that rely on grandparent support for childcare. The implications of demographic shifts due to declining birth rates and government policies are critically examined, highlighting the concerns of young individuals regarding job stability amid an aging workforce.
A handful of Republican leaders have been denouncing Donald Trump since his first presidential campaign. Will the voices of those who remain be heeded this time around? China’s attempt to fix its pensions by raising the retirement age will create a different problem with childcare (7:40). And the seemingly bottomless market for pet-pampering (14:21).
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