100 Million in China to Leave Social Security in 2024, Causing Mass Withdrawals and Crowded Offices
100 Million in China to Leave Social Security in 2024, Causing Mass Withdrawals and Crowded Offices
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The video shows large crowds at social security offices across China, highlighting a surge in social security contribution withdrawals. This follows ongoing government adjustments to social security policies and the delayed retirement age. China's social security system provides mandatory financial support for citizens in cases of retirement, illness, unemployment, work-related injuries, and childbirth, with contributions from both employers and employees. But many are now questioning whether continuing contributions is worthwhile.
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