What does it mean that social security is getting more and more expensive?

The increasingly expensive social security means the superposition of many factors, which is not only related to the personal economic burden, but also reflects the social and economic development trend and policy adjustment.

First, the personal economic burden has increased.

The increase of social security expenses year by year directly leads to the increase of personal economic burden. With the increase of wage level, the base of social security payment increases correspondingly, which makes the cost of social security rise. For many families, especially low-and middle-income families, the increase in social security fees undoubtedly increases the pressure of life, which may lead to the decrease of disposable income and affect the quality of life.

Second, the improvement of social security level.

The increase in social security costs also reflects the improvement of social security level. With the progress and development of society, people's requirements and expectations for social security are constantly improving. The increase in social security costs means that the social security system has a wider coverage and a higher level of security, which can better meet the basic needs of the people.

Third, the adjustment of social and economic structure.

The change of social security cost is also closely related to the adjustment of social and economic structure. With the industrial upgrading and transformation, the labor market structure is also changing. The emergence of some emerging industries and occupations makes the payment methods and standards of social insurance premiums need to be adjusted accordingly. In addition, social problems such as the aging population have also increased the pressure on social security fees, which requires the joint efforts of the government and all sectors of society.

Fourth, the impact of policy adjustment.

Policy adjustment is also an important factor leading to the increase of social security expenses. According to the needs of social and economic development and financial situation, the government adjusts the social security policy in a timely manner. These adjustments may include increasing the proportion of social security contributions and expanding social security coverage, aiming at better protecting people's basic living rights and interests.

To sum up:

The increasing cost of social security means the increase of personal economic burden, the improvement of social security level, the adjustment of social and economic structure and the influence of policy adjustment. Facing this trend, we need to actively seek solutions on the basis of understanding the reasons behind it, such as improving personal income level, optimizing social security policies and promoting economic development. In order to reduce personal economic burden and ensure the stable operation of the social security system.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 10 stipulates:

Employees should participate in basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, and employers and employees should jointly pay basic insurance premiums in accordance with state regulations.

People's Republic of China (PRC) social insurance law

Article 12 stipulates:

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.