Japan's total national debt

China's huge pension gap, determines the household savings rate in China is unlikely to decline in the future, the savings are the primary means for residents to hedge future risks.



In accordance with the deployment of the State Council executive meeting, from January 1 this year, according to the 2012 level of 10% of the monthly per capita basic pension for enterprise retirees continue to raise the level of the basic pension for enterprise retirees, increase rate. This is to improve for nine consecutive years, 2012 adjusted 1721 yuan monthly per capita pension for enterprise retirees, adjust and 2005 compared to the previous month to 700 yuan per capita level, 8-year cumulative increase of 1,021 yuan per person per month.



Raise the national retirement protection is the practice of responsible government, but there is a huge gap must face up to the Chinese pension. December 17 last year, the Chinese Academy of Social Sciences released "Chinese pension Development Report 2012" report statistics, in 2011 received 14 provinces over expenditure, the balance of payments gap reached 76.7 billion yuan, higher than in 2010. 32 co-ordinating units (31 provinces and the Xinjiang Production and Construction Corps), excluding financial subsidies, income over expenditure, the shortfall of 67.9 billion yuan; 17 provinces of income over expenditure in 2011 reduced to 2010 14 , but the balance of payments gap was higher than in 2010, reaching 76.7 billion yuan. Pension income and expenditure are on the rise, but the expenditure is greater than income, the gap of.



Do personal pension account become impossible task. Billing amounted to 2.4859 trillion in 2011, amounted to 2.2156 trillion empty account. The personal account empty Spending Following the the breakthrough trillion mark in 2007, once again exceeded 2 trillion. In other words, most of the personal account is empty accounts amount continues to increase with the increase in the elderly population, the current pension family with the the future family pension money.



The pension is a world problem. EU pension debt is about five times its GDP. France 2011 retirees about the country's population of 23.8% over the next 20 years there will be 250 million people in retirement, according to the most optimistic economic expectations, the 2030 French national pension deficit would rise to 70 billion euros, more than a times. Therefore, Spain, Greece and other countries in deep debt crisis has raised the amount of pension cuts, extend the retirement age.



In the pension, Japan as a warning. According to the article on the "Atlantic Monthly" magazine in October last year, the United States, Japan formed a savings, debt, pay the circulatory system, pension payments.



Japan's total national debt is 235.8 times the GDP per year, net debt reached 1.358 times the annual GDP, is the most indebted country in the world. This year, the Japanese government needs offering the equivalent of this year GDP 59.1% Treasury bonds; This is equivalent to the Japanese income of $ 10, $ 6, all Japanese government borrowed through a bond sale. As the quantitative easing policy, Japan's liabilities will exceed expectations. Japan each year about half of the annual government budget now in pensions and interest payments.