This statistic shows the reasons given by Chinese respondents who assume they will be worse off in retirement than their parents in 2011. In 2011, 28 percent of the respondents in China assume that they will be worse off than their parents because the company pensions are no longer as generous as they used to be.
Why will you be worse off in retirement than your parents' generation?
Characteristic
Share of respondents
Jobs and careers are less secure
60%
State pensions (e.g. social security) are not as generous as they used to be
56%
Low interest rates will mean lower returns on retirement savings
50%
The global financial crisis has reduced the value of my investments and savings
47%
People are living longer and need more savings
46%
My generation has borrowed too much
44%
My generation is not saving enough
42%
Higher taxes will reduce the value of my retirement plans
40%
Company pensions are no longer as generous as they used to be
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HSBC. (May 26, 2011). Why will you be worse off in retirement than your parents' generation? [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/251581/reasons-to-assume-being-worse-off-in-retirement-than-the-parents-in-china/
HSBC. "Why will you be worse off in retirement than your parents' generation?." Chart. May 26, 2011. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/251581/reasons-to-assume-being-worse-off-in-retirement-than-the-parents-in-china/
HSBC. (2011). Why will you be worse off in retirement than your parents' generation?. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/251581/reasons-to-assume-being-worse-off-in-retirement-than-the-parents-in-china/
HSBC. "Why Will You Be Worse off in Retirement than Your Parents' Generation?." Statista, Statista Inc., 26 May 2011, https://www.statista.com/statistics/251581/reasons-to-assume-being-worse-off-in-retirement-than-the-parents-in-china/
HSBC, Why will you be worse off in retirement than your parents' generation? Statista, https://www.statista.com/statistics/251581/reasons-to-assume-being-worse-off-in-retirement-than-the-parents-in-china/ (last visited November 05, 2024)
Why will you be worse off in retirement than your parents' generation? [Graph], HSBC, May 26, 2011. [Online]. Available: https://www.statista.com/statistics/251581/reasons-to-assume-being-worse-off-in-retirement-than-the-parents-in-china/
