Midas Trend
Midas Trend|Mar 12, 2026 11:59
A very hot topic during this year's Two Sessions is the proposal by several National People's Congress and Political Consultative Conference representatives to increase the basic pension for farmers. Some have suggested increasing it to 500 yuan per month, while others have suggested increasing it to 1000 yuan. Many people have asked why it is necessary to increase the pension for farmers and where financial expenditures come from? Some representatives have said that now farmers over 60 years old, when they were young, handed over their only food to the public to support the country's industrialization construction. When the country needed to build roads and bridges, they engaged in voluntary labor for free, and at that time, they also paid agricultural taxes, surcharges, retention fees, and so on every year. The burden on farmers was unbearable. When the 80s generation was young, they all experienced these things. Now that they are old, a monthly pension of over 100 yuan cannot support their basic livelihood. Many elderly people in rural areas, if they do not have children who can earn money to support their retirement, they either dig in the fields, work on construction sites, or pick up garbage and waste to make a living. Today, my mother said something on the phone that sounded quite uncomfortable. An elderly woman in her 90s, whose daughter recruited a son-in-law at home, was unexpectedly taken away by the son-in-law while eating. The elderly have no choice but to live alone, picking up waste and selling it on the streets every day to make a living. If this elderly person has a monthly pension of over a thousand yuan, her treatment with her daughter and son-in-law may be a different story. Some people say that a rural elderly person living is a burden for their children, while a city elderly person living is a blessing for their children. There are over 120 million farmers aged 60 and above in China. If the government can solve the elderly care problem from a financial perspective, it will indirectly reduce the economic burden of their children's elderly care, promote consumption, and stimulate domestic demand.
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