Why must people buy social security?

One is the problem of seeing a doctor.

After paying 15 or 20 years, you can enjoy lifelong medical insurance, that is, after paying a certain number of years, you can enjoy medical insurance benefits without paying medical insurance money after retirement. However, with the negative population growth, fewer and fewer young people can continue to pay medical insurance. The money in the pool has decreased, but the medical expenses have increased. This is also normal. The older you get, the lower your physical function.

According to the data of National Health Commission, the average life expectancy in China is 77.93 years in 2022, but the healthy life expectancy is less than 70 years. In other words, it takes about 8 years to survive with illness, and chronic diseases, geriatric diseases and geriatric health care all cost a lot of money. Most elderly people need to go to public hospitals for medical insurance reimbursement.

At present, public hospitals are overcrowded and medical resources are unevenly distributed. If you want to enjoy high-quality medical services, such as going to private hospitals, international departments or special needs departments, you often need to pay more. Once seriously ill, the scope and amount of medical insurance reimbursement are limited. At this time, the elderly have no income, and relying on pensions alone is really a drop in the bucket.

The second is the issue of providing for the aged. It is difficult to provide for the aged, and the most prominent problem is providing for the aged. The burden of family pension is getting heavier and heavier. The model of "raising children to prevent old age" shows that it can no longer adapt to the future social development trend. Although many people have participated in the national social security pension, our current social security pension system is a pay-as-you-go system, that is, young people pay social security money and give pensions to the elderly. When there are fewer and fewer young people and more and more old people in the future, the total pension will increase less and consume more, and the pressure on the state to provide for the elderly will not be too great. Especially in the next 15 years, more than 300 million people will be over 60 years old, and it has become an established fact that the baby boom has become a retirement boom.

People are afraid of getting poor when they are old. Although the general consensus is that it is difficult to raise children to prevent old age, it is still a possible and reliable option. Of course, it is best to be willing to have children. If you don't want children, then don't! Besides having children, it is more important to plan ahead. For example, for medical risks that may occur in the future. Besides active exercise, go to bed early and get up early, don't forget to have a regular physical examination every year. In addition, the protection of critical illness insurance and medical insurance can be appropriately increased to reduce the possibility of poverty caused by illness.

In terms of old-age care, although there is not much social security, it is better than streaking. So we still have to pay. At the same time, you can plan your future wealth well. For example, appropriately increasing future cash flow income can be achieved through annuity insurance and increasing whole life insurance. When you are young and promising, and your income is relatively high, you will save a sum of money regularly every year, then compound interest and increase value through time. Prepare an extra money bag for your former self.