Youth unemployment in China ticked up to 17.1% in July, official figures showed, the highest level this year as the world’s second-largest economy faces mounting headwinds.
China is battling soaring joblessness among young people, a heavily indebted property sector and intensifying trade issues with the West.
Chinese Premier Li Qiang, who is responsible for economic policy, called Friday for struggling companies to be “heard” and “their difficulties truly addressed,” according to the state news agency Xinhua.
The unemployment rate among 16- to 24-year-olds released Friday by the National Bureau of Statistics (NBS) was up markedly from June’s 13.2%.
You’re never going to be able to retire. By the time your are ready, inflation and other nonsense will have made your money worth a fraction of its value. Even if you invest, they are not going to pay out enough to keep the value the same. Sure, you may retire at 70 with a million dollars, but that would be like having 200k now, which doesn’t allow for retirement care. And that’s assuming social security is even around.
You keep on with those hopes and dreams. It’s better to be blissfully ignorant and find out later than know the entire time you’re hosed and there’s nothing you can do about it, because the system doesn’t want you.
I’m aiming for $1,000,000 by 50 to retire actually. I’ve got no clue if I’ll pull it off, but this site seems to think so: https://networthify.com/calculator/earlyretirement
I’ll honestly probably be dead by 70 anyways due to health reasons so even if I don’t hit that goal, I’m probably just going to retire anyways and yolo it
This is a very optimistic outlook! Enjoy it while it lasts.