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.
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.