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Archive for the tag “pensions”

New King, Old Ideas?

Just as King Abdullah pledged massive new public expenditures to push back against the Arab Spring, Salman offered an estimated $30 billion in handouts to a wide range of Saudi social groups, including military officers, public employees, students, retirees, the poor, and disabled.

Read Here – National Interest

What Happens When China Goes “Gray”?

As China‘s major trading partners try to control rising public pension and health care costs, they may not realize they also have an important stake in China’s ongoing struggle to fashion a safety net for its own rapidly aging population. Many observers assume China has no pensions or healthcare insurance for the 185 million people over the age of 60 (13.7% of population), the highest official retirement age for most workers. They may well believe this explains why Chinese families save so much–more than 30% of household income–and therefore spend less on consumer goods, including imports from trading partners.

But this line of reasoning is faulty because China already has large and rapidly growing public pension and health insurance programs in the cities, and is in the process of extending them to rural areas.

Read Here – The Diplomat

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