Monday, September 24, 2007

Most Chinese Don't Need Social Security

Here is a wonderful thing about China: families take care of each other and people save money for retirement.

According to a joint survey conducted by the Social Investigation Center of China Youth Daily and Sina.com, most Chinese will support themselves when they are old instead of depending on the government.

Most of the respondents say they will rely on commercial insurance or the savings deposit of their own. They will also get the help from their children. Only 20.2% think that they will partly depend on the government in their old age.

“We are supposed to support ourselves when we become old, aren’t we?” said 49.7% of the respondents.

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