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Senior Population to Reach 430 Million or over 30 Percent of China’s Population by 2050

The United Nations Population Fund and the China National Committee on Aging held a forum on October 22, 2012. A research study discussed at the forum suggested that, in the year 2010, an average of 24.1 percent of China’s seniors were dependent on their pensions for their living expenses; this figure is up 4.5 percent from 2000. Another 40.7 percent of seniors relied mainly on support from their family members. There was also a large gap between the urban and rural regions. Among the seniors living in the city, 66.3 percent relied heavily on their pensions, but only 4.6 percent of seniors were able to rely on their pensions as their major source of income. The study estimated that the senior population will reach 430 million or more, or 30% of the total population, by the year 2050, which means that one out of every three people will be seniors.

Source: Xinhua, October 24, 2012