September 21, 2014

Meet the Tiger Elders, with lawyers on speed-dial

Age pyramid for China showing smaller age coho...
Image via Wikipedia

Meet the Tiger Elders, with lawyers on speed-dial.

Citing the New York Times, the blog Overlawyered notes that a law has been proposed in China that would require adult children to visit their elderly parents… or face a law suit.

China is facing an aging population that will increase pension and health care costs, Baby Boomers are having on the United States, and decrease the competitive advantage afforded the country due to large quantities of cheap labor as its population leaves the labor force. Due to the one child policy, the squeeze will be much greater in China.

Perhaps requiring adult children visit and pay attention to their parents is a way to provide for the mental well-being of the elderly? And help diminish the costs on state to care for them?