China's Retirement Age Hike Sparks Urgency: 8 Critical Fixes the U.S. Retirement System Needs Now [Yahoo! Finance]
Prudential Financial, Inc. (PRU)
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Source: Yahoo! Finance
Learning from China's Retirement Age Hike With countries around the world grappling with aging populations and shrinking workforces, governments are being compelled to figure out how to fund their retirement systems. China's bold move to raise its retirement age is a natural consequence of such circumstances, implying how many other countries could soon be (and already are) following suit. Proposals to gradually raise the statutory retirement age were approved by the top legislative body, with the retirement age for women in blue-collar jobs increasing from 50 to 55, while those in white-collar jobs increasing from 55 to 58. Men, on the other hand, will see an increase from 60 to 63. This move is being undertaken to make the “best use of China's human resources”, according to Mo Rong, director of the Chinese Academy of Labor and Social Security. The country has had its life expectancy rise from 40 years in the 1950s to over 78 years today, on par with the United States. "The
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PRU
Earnings
- 10/30/24 - Beat
PRU
Sec Filings
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- 11/8/24 - Form 3
- PRU's page on the SEC website