Name: Aging Population Leaves Taiwan Government Programs at Risk | TaiwanPlus News
Uploaded: 2025-03-13T16:02:36.000Z
Duration: 1 min 26 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Future simple

In 2025, Taiwan will reach a tipping point.

The comparative

20% of its population will be 65 or older. That's retirement age. With so few people paying taxes, how will Taiwan's government retirement programs stave off bankruptcy?

Three face a particular shortage of funds.

Labor insurance, national health insurance, and the so-called long-term 2.0 plan, designed to support senior citizens and people with disabilities.

Losses could start to amount before the decade is out. Labor insurance, for instance, will start losing money as soon as 2028.

47% of people think that retirement funds won't be reformed before they run dry.

And they lightly disregard the problem of inadequate finances for the funds.

And inflation means whatever retirees have saved will be worth less.

I'm worried. I'm old. There are few children now.

It's not easy to earn money. When you get old you get sick. Old people get sick.

It's estimated that if a person lives to 85, they'll need around $400,000 US dollars to meet their needs.

And with the average monthly salary at around $1,400 US dollars and a rising cost of living, for many, retirement may simply not be an option.