中信证券：保守预计新增养老金支出将拉动约2000亿元的新增消费

Core Viewpoint - CITIC Securities conservatively estimates that the increase in pension expenditure will drive approximately 200 billion yuan in new consumption [1] Group 1: Pension Increase - According to the notice on adjusting the basic pension for retirees in 2025, pensions will be raised by 2%, marking the 21st consecutive year of increase [1] - The total pension expenditure in 2025 is projected to be 400 billion yuan higher than in 2024 [1] Group 2: Economic Impact - The stable growth of pensions is expected to activate the "silver economy" and drive domestic demand expansion and structural optimization [1] - The adjustment of pensions is increasingly playing a strong economic strategic role while ensuring basic livelihood security [1]