Middle class still can't retire decently
Currently, the average life expectancy of China's first-tier urban population is about 82 years, with 80 years for men and 84 years for women. Ideally, the average length of retirement pension for Chinese men is 20 years, while that for women is 29 years. According to relevant academic research, taking inflation into account, a person who retires after 2028, assuming a 20-year retirement, needs to prepare at least 3 million dollars in order to lead a decent retirement life. If in a first-tier city, this figure may also be doubled. And according to the definition of the Credit Suisse Banking Institute, the standard of the middle class is to have a wealth of 50,000 to 500,000 U.S. dollars (about 345,000 to 3.45 million yuan).What is the level of 500,000 U.S. dollars? It is equivalent to the median amount of pension that a person in the United States who is about to retire has prepared for himself. That is to say, even the middle class, the future is not guaranteed to be able to retire in a decent manner.