Inflation-adjusted home prices in China have fallen below where they started two decades ago, and the fiscal fallout is hitting local governments even harder than developers.
All forms of retirement are funded by current workers. Social security is just more honest about it. A retired person is still consuming goods and services produced by the working without producing anything themselves.
All forms of retirement are funded by current workers. Social security is just more honest about it. A retired person is still consuming goods and services produced by the working without producing anything themselves.