Skip to content

Photographer: Greg Baker/AFP/Getty Images

Economics

China ‘Banks’ Time for Its Elderly While U.S. Seniors Drown in Debt

As Beijing moves to defuse a demographic time bomb, the finances of some older Americans have already blown up. 

Subscribe to Stephanomics on Apple Podcasts
Subscribe to Stephanomics on Spotify

After more than three decades enforcing its one-child policy, China finds itself with too many elders in need of care and too few caregivers to provide it. Now, the world’s most populous country is getting creative about solving this growing demographic dilemma.