Social security deficit 20 19

Insurance Bian Xiao helps you answer, and more questions can be answered online.

How can a social security deficit be a good thing? I can't figure it out, but in fact, like the deficit, the past social security deficit still has certain benefits.

Of course, there are two major premises. First of all, social security is a necessary social welfare system supported by national legislation. Second, the reason for the social security deficit lies in the inevitable historical problems.

The social security deficit has solved the problem of providing for the aged for those who did not pay social security fees 92 years ago.

In the past, people's wages were not high, and they generally faced the problem of no source of income when they were old. It is quite cost-effective for the old-age insurance to treat their length of service as payment and directly pay pensions.