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China’s retirees don’t outnumber workers (yet)

Posted on AllSides May 14th, 2024
From The Left

China’s population is poised to age dramatically in the coming years, posing financial strains to retirement pensions. But in recent remarks, President Joe Biden said this pain had already occurred. Biden, speaking to supporters in Seattle on May 12, said the U.S. maintains its strong economic position in part because of its openness to outsiders. "We’re not xenophobic," he said. "We allow people to come in and work. We grow our economy." He contrasted the United States’ demographics to China, the world’s second-biggest economy and arguably the U.S. biggest economic...

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