Cai Fang, member of the Monetary Policy Committee of the Central Bank: At present, there is a certain trend of fragmentation in urban and rural pension insurance

author：Straight Flush Finance 2021-10-26 23:14:08

Cai Fang, a member of the monetary policy committee of the central bank, said at the 2021 Global Wealth Management Forum that the current basic social pension insurance is not sufficient, the future is not sustainable, with the increase of the elderly population, it is difficult to ensure that there will be no huge gap, and the support of the second and third pillars is urgently needed. At present, urban and rural endowment insurance has a certain trend of fragmentation, and pension fragmentation will affect the savings and consumption behavior of residents. Sluggish consumption of the elderly will affect overall consumption, while domestic demand is still a more sustainable economic driving factor in the country.

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