Why do so many people give up social security?

As a social security system, social security provides pension, medical care, unemployment, work injury and maternity protection for many people. However, social security can only be enjoyed after payment, and some people choose to give up during the payment period. The reasons may be as follows:

1. Economic reasons: Although the cost of employees paying social security is not much, it is also a big expense for many ordinary people. In addition, the old-age insurance in social security can only be collected after retirement, and the return time is too long, which leads many people to choose to give up the bad payment;

2, social security itself: social security provides basic protection, for some people can not fully meet the needs, so it will also lead some people to choose to pay commercial insurance and give up social security; In addition, many people have great job mobility, but the transfer of social security is more troublesome, which will also lead to abandonment of insurance.

The possible reasons are as follows:

The first reason is that I am worried that I will not live to retirement age. Many people think that in the event of unfortunate death, the money handed over to the overall account will not be taken out, and they will lose money, and they are not willing to deduct so much social security money from their wages every year.

The second reason is to delay retirement and extend the time to receive pensions.

The third reason is the pressure of payment. Many people are social security workers in cities and towns, and they are insured as flexible employees. Individuals have to pay 20% of the cost, and the monthly supply pressure is not small.

The fourth reason is that social security is not enough. As the basic guarantee, social security provides limited protection. Many people who seek better protection will choose to buy commercial insurance to plan for their future pension and medical care.

The fifth reason is that job mobility is high and social security transfer is troublesome. To change jobs in the city, you need to open a new account and pay social security. Before the company pays, it needs to go through the transfer formalities before it can be merged into one account and paid cumulatively. Many people feel that it is more troublesome to handle the transfer and merger procedures, and the payment period is not long, so they choose to give up.