Economic Observation Network reporter Huang Lei More than 90% of urban residents have considered the pension problem of their parents, 30-39 years old is the peak age group to consider their own pension problems; respondents expect that their pension expenditure is average at 1.006 million yuan...
On December 23, the Aging Finance Branch of the Chinese Society of Gerontology and Geriatrics, the Silver Economy and Health Wealth Development Index Research Group of Tsinghua University, and the Dahe Insurance Group jointly released the "China Urban Pension Service Demand Report (2021)" (hereinafter referred to as the "Report") at the Guoshi Forum held on the same day, which lasted 7 months and covered 800,000 urban residents in 19 provinces across the country, and made a big data portrait of the pension service needs of urban residents aged 30-85 in China.
The report pointed out that the average age of parents in the 30-49-year-old group is 66 years old, there are already health concerns, and their own sub-health conditions are serious, and the 40-year-old begins to face the inflection point of health status, and generally pays attention to health management. "Post-80s" (Note: specifically refers to the 30-39-year-old population) family structure is a typical 421 model, that is, couples 2 people raise 1 child while also supporting 4 elderly people, the pressure is huge, often after marriage and children, they passively have to consider their parents and their own future pension problems, which makes the "post-80s" pay more attention to the overall family pension decision. At the same time, although only 39% of the 30-39-year-old group has taken pension action, 90% have begun to plan for the elderly, that is, 90% of the "post-80s" have their own pension planning.
Tang Ning, assistant general manager of The Insurance Group and general manager of the Great Health Investment, said that the report shows that the number of respondents who prefer institutional pension is as high as one-quarter to one-fifth, and although home care still accounts for the largest proportion, it has begun to decline. Tang Ning believes that more people accept institutional pensions and are related to the current trend of low birthrate. From the perspective of age, the "post-60s" are at the peak of wealth accumulation, so they will be willing to spend more money to pay for pension consumption, and their willingness to pay becomes stronger with the growth of academic qualifications, age and the ability to pay.
Toning said the data shows that nearly 30 million people will retire each year starting in 2022. This group of retirees is the "golden generation" of the era of reform and opening up, and they will become the main force of china's pension consumption in the past 10 years. He believes that this generation is very different from the previous generation in terms of wealth accumulation, social status, and ideological concepts, and the proportion of middle- and high-income elderly people has increased sharply, which also means that the future pension consumption market has great potential.
40 years old becomes an inflection point for health
The report shows that 40% of residents have problems with their health: 58.6% of the respondents believe that their physical condition is "good", and 27.1% are in a "sub-healthy" condition. The number of people suffering from chronic diseases of "hypertension and diabetes" is relatively large, accounting for 11.9% and 7.2% respectively.
From the age analysis, it is found that the body's physical functions show a downward trend with age. At the age of 40, people's health status has an inflection point, the body is no longer in a "sub-healthy" state, "real" patients begin to appear, and the proportion of chronic diseases or major diseases gradually increases.
At the same time, the report points out that the proportion of sub-health and disease in first-tier cities is high. Respondents in first-tier cities have a higher "sub-health" status than other urban populations, and the proportion of "hypertension" and "diabetes" is higher. From the city level analysis, as the city sinks, the proportion of residents in new first-tier cities and second-tier cities with "good" physical condition is higher than that of residents in first-tier cities. From the perspective of income, the health status of high-income people is not as good as that of middle-income people, and the proportion of chronic diseases (hypertension, diabetes, heart disease, etc.) is higher than that of ordinary income groups.
The average age at which to consider one's own pension is 39.7 years
In terms of pension cognition, the survey shows that pension has become a common concern of respondents, 77.0% of respondents have considered their own pension problems, and 91.7% of the population has considered their parents' pension problems. It has become a common phenomenon for people over the age of 30 to "consider both their own pension and their parents' pension".
Among them, 30-39 years old is the peak age group (40.0%) who consider their own pension problems, followed by 40-49 years old (33.9%). The average age when considering your own pension is 39.7 years old. Among them, the "post-80s" consider their own pension problems earlier than the "post-60s", reflecting that with the changes in concepts, society and economy, young people are no longer subject to the shackles of the traditional family pension concept, have a full understanding of the aging trend, put forward higher requirements for the quality of life, and pay more attention to the planning of pension life.
The report pointed out that the proportion of women (79%) considering pension problems is greater than that of men (76%), and the proportion of first-tier city people (80.5%) considering pension problems is greater than that of new first-tier (76.7%) and second-tier city (73.1%). From an intergenerational point of view, the proportion of "post-80s" considering themselves (85.8%) and parents (94.7%) is higher than that of "post-70s", showing more old-age anxiety.
45.6% of the respondents said that "when the parents are sick and hospitalized" is the first consideration scenario for the elderly; from the perspective of the age of the respondents, the group aged 50 and above is more inclined to consider the pension "when they are close to retirement", while the 30-49-year-old group tends to consider the pension "when the parents are sick/hospitalized".
In terms of pension planning, from the perspective of age, 48% of the 50-59-year-old group has begun to plan for the elderly and put into action, 44% of the 40-49-year-old group has pension planning and action, although only 39% of the 30-39-year-old group has pension action, but 90% has begun to plan for the elderly, that is, 90% of the "post-80s" have their own pension planning.
In terms of the main pension planning methods of urban residents, whether for themselves or their parents, pension planning can be roughly divided into four gradients: the first gradient (about 50%), which is exercise and regular physical examination, the second gradient (about 40%), which is to make money and financial management (purchase of financial products and insurance products), the third gradient (about 30%), which is to inquire about pension information and investigate pension institutions, and the fourth gradient (less than 15%), is to take care of real estate.
The subdivision of the population found that the "post-80s" for their own pension planning is more active, they will "exercise", "make money to buy insurance", 40% of the "post-70s" and "post-60s" crowds began to "go to the pension institutions to investigate", indicating that they are gradually facing the problem of pension, and began to investigate nursing homes for their parents or themselves.
Pension expenditure expectations: an average of 1.006 million yuan
According to the survey, respondents expect their pension expenditure to average 1.006 million yuan. Different ages have different perceptions of pension costs, and the younger the population, the greater the expected amount of pension spending. People aged 30-39 are expected to spend 1.221 million yuan on pensions. With the increase of age, it is expected that the cost of old-age care will gradually decrease.
The report said that on the one hand, young people think that their pension is a matter of many years, and the inflation factor is taken into account for the cost of pension; on the other hand, the demand for the quality of pension services is also taken into account.
The estimated pension expenditure of the first-tier city population is 1.159 million yuan on average, which is higher than the estimated expenditure of the urban population at other levels.
Faced with the question of "how much are you willing to pay for your future pension", the respondents' feedback data shows that the average monthly payment is 8255 yuan. According to the breakdown of people at different city levels, it was found that respondents in first-tier cities were willing to pay the highest fees for their pensions, averaging 9104 yuan per month, which was nearly 2000 yuan higher than that of respondents in second-tier cities. The average monthly fee for high-income people who are willing to pay for their pension is 10,480 yuan, which is twice the budget of ordinary income people.
Respondents expect their parents' pension costs to be 8341 yuan / month. Respondents treat themselves and their parents in the same attitude towards the pension budget costs, basically from the actual situation, with reference to the pension market and their own economic ability, willing to pay for their parents and for themselves every month The gap between the pension costs is not large, and the difference value fluctuates around 1%.