Is it good or bad for young people to give up paying social security

In addition to providing for the aged, there are two important features: First, medical insurance. People will not get sick if they eat whole grains. As long as they are sick, they all have medical insurance cards, which can greatly reduce the payment of medical expenses. If you suffer from a serious illness, in addition to part of your own expenses, some will be reimbursed by medical insurance to reduce the pressure on medical expenses. The other is the housing provident fund, which provides low-interest loans from the provident fund when buying a house, and can also apply for rent subsidies when signing a rental contract. Therefore, the income from paying five insurances and one gold is still considerable.

In reality, there are two kinds of people who don't pay five insurances and one gold: those who don't know how to pay five insurances and one gold, and those who don't pay five insurances and one gold according to their figure. As a result, they don't pay five insurances and one gold, which means that the popularity of five insurances and one gold has not kept up. In fact, five insurances and one gold are still very practical, not only pensions, but also medical insurance, employment insurance and provident fund. Another kind of people who want to pay five insurances and one gold for themselves have failed to do so for various reasons, or have paid for several years, and then stopped when they changed jobs. However, for those who have interrupted five insurances and one gold, they are allowed to pay in one lump sum after 15 years and can retire.

Therefore, the elderly in this group need not worry. As for those who didn't pay five insurances and one gold in one lump sum when they were young, don't worry, they can be solved in the following ways. First of all, if you don't pay the pension, you can participate in urban and rural residents' pension insurance and urban and rural residents' medical insurance, and get pension income while enjoying medical insurance reimbursement. Second, save money for the elderly while they are young. Of course, you should learn to manage money. If you can't afford your five insurances and one gold, you can only rely on this money to support your old age. Third, children are not rich, and they can't rely solely on houses to provide for the elderly. If you have two houses, you can sell one to raise money for the elderly.

It is best to pay five insurances and one gold to provide personal protection, including not only old-age insurance, but also employment insurance, medical insurance, work injury insurance, maternity insurance and provident fund. Therefore, even if you are employed flexibly, you still need to pay social insurance premiums, which is much better than having a commercial pension or medical insurance.