Core Insights - The 2025 China Resident Retirement Preparedness Index is 5.49, showing a slight increase compared to 2024, indicating a transition from awareness to action in retirement preparation [2][3] Group 1: Retirement Preparedness Index - The index measures retirement preparedness across six dimensions: awareness of retirement responsibility, financial planning awareness, understanding of financial issues, completeness of retirement plans, adequacy of retirement savings, and confidence in achieving expected income [3] - The index ranges from 0 to 10, with higher values indicating better preparedness; a score below 6 indicates insufficient preparation [3] - Key dimensions show significant improvement: retirement responsibility awareness (7.45) and financial planning awareness (7.36) are high, while retirement plan completeness (3.82), retirement savings adequacy (3.78), and confidence in expected income (4.85) are low, reflecting a gap between awareness and action [3] Group 2: Income and Retirement Preparedness - The retirement preparedness index increases with income, but the gap between different income groups is narrowing, with notable improvements in the low-income group [4] - Financial literacy, risk awareness, savings willingness, and social security participation are also critical factors influencing retirement preparedness [4] - The report introduces income replacement rate as a complementary indicator, showing a positive correlation with the retirement preparedness index [4] Group 3: Changing Retirement Needs - Retirement needs are shifting from basic security to rational planning and quality enhancement, with residents aiming to maintain their current living standards [5] - Independent living at home remains the preferred mode of retirement, while high-quality institutional care is gradually gaining traction among well-prepared and older groups [5] Group 4: Preferences for Financial Products - Residents exhibit a preference for low-risk financial products, with generational differences in choices: older generations prioritize safety and health insurance, while younger generations seek balance among housing, child-rearing, and retirement [6] - Recommendations include enhancing retirement planning tools, improving multi-tiered pension systems, and promoting financial literacy to facilitate the transition from awareness to action [6] Group 5: Elderly Care Market Dynamics - The elderly care market is transitioning from scale expansion to quality competition, with the number of care facilities nearly doubling in five years, reaching 406,000 by the end of 2024 [7] - Despite the growth, the average occupancy rate of care institutions is below 50%, highlighting a mismatch between supply and demand [7] - A new evaluation system for care institutions aims to improve quality and operational standards, moving the industry towards more refined and standardized operations [7]