Charts of the Day: What Raising the Retirement Age Could Look Like in China

Raising the retirement age has often been proposed as a solution to problems stemming from China’s aging society and graying workforce, particularly after the government announced that the domestic population shrank last year for the first time in six decades.

Last week, the idea got subject to a vigorous public airing online after local media quoted a November report (link in Chinese) from Citic Securities Co. Ltd. that said the Chinese government will likely announce this year a plan to gradually raise the retirement age. The report said the increases will begin in 2025, ultimately increasing the retirement age to 65 for both men and women by around 2055.