Because of China’s one-child policy, an aging population of grandparents will wind up with fewer young people to take care of them.
With populations growing older in the developed world, their wellbeing might affect the GDP growth rate because of the expense of their care.
The wait list for the most popular retirement home in China has topped 10,000. With 1100 available beds and just 11 beds emptying annually, it could take 100 years for someone to get a spot. Part of the problem is…
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