Some stats from State Controlled Media selling citizens on immigration to fix low fertility problem they created:
- By 2030, number of elderly citizens will triple to 900,000, about 30% of population.
- With more exiting the workforce, burden of taxes will fall on smaller pool of working adult citizens.
- Currently, there are 6.3 working-age citizens supporting each elderly citizen. By 2030, this ratio will drop to 2.1:1
- Taking in 20,000 to 25,000 new citizens each year will bump up citizen old-age support ratio slightly from 2.1 to 2.4 working citizens for every elderly citizen, in 2030.
Demographic time bomb is ticking & there's no stopping it. Retirement fund minimum sum rising each year & savings going down after being sucked dry by the ruling party especially through exorbitant public housing costs. Notice the note at bottom of chart said after 2002 is inclusively of permanent residents. I suspect PRs are added in so the gap does not look horrifying.
With high costs of living & discrimination of elderly workers due to overly liberal immigration & jobs policy, many elderly low on retirement $$$ would be forced to sell/downgrade their homes to fund medical & living expenses. When there's a tsunami wave of selling what happens to the price?
Baby boomers work & spend spend spend --> Boom Boom Boom
Baby boomers retire & cut cut cut -- Bust Bust Bust
I look forward to the big crash. Things have really gotten out of whack especially with housing costs driving up costs of living & literally making more & more people mortgage slaves.