The chapter stresses the critical need to begin saving for retirement early and diversifying income streams for a secure retirement. It underscores the advice of a Chinese Academy of Social Sciences expert on the imperative for young people to start saving early, given China's aging population and declining income replacement rates.
Is retirement planning a sprint or a marathon? Starting early means saving smart, delaying for too long and you might be working for your savings instead of the other way around! How much of our monthly income should we squirrel away? Is it doable? On the show: Heyang, Xingyu & Josh Cotterill