Why people get happier as they get older

As people age, they gain what they spend their lives pursuing: happiness. Life is not a long slow decline from sunlit uplands towards the valley of death. It is, rather, a U-bend. Ask people how they feel about getting older, and they will probably reply in the same vein as Maurice Chevalier: “Old age isn’t so bad when you consider the alternative.” Stiffening joints, weakening muscles, fading … https://bit.ly/2XXScEB

Watch! Shanghai’s retirement communities model a future for China’s Boomers

Who is considered old? The UN defines an older person as anyone over 60. In 2017, the global population aged 60 and older is growing faster than all younger groups. Countries everywhere are getting older. But the speed and scope of China’s population aging is unprecedented, exacerbated by decades of its one-child policy. By 2030, China will have almost 500 million people … http://bit.ly/2RVSBRK

Alternatives to enhance retirement preparedness in Greater China

Traditional models of retirement planning in Asia have arguably been rendered obsolete by the rapid greying of regional populations, changing family support systems and the impact of the global financial crisis. While the population of over 65 year olds in the region is set to triple over the next 40 years, historically low interest rates are currently challenging retire … https://bit.ly/2Dc5W4f

China’s Family Inheritance Report Released, Golden Age for Family Wealth Inheritance

Chinese high net-worth individuals no longer consider whether or not they should plan for inheritance. That question is settled. But they still face the question of how they plan for wealth transfer – and which firms they should work with. On September 21 in Nanjing, Euromoney, one of the world’s leading financial media companies, and CreditEase, one of China’s top wealth … http://bit.ly/2NCpLDd

It’s going to double: Machin

Canada pension fund CEO tells WiC that China will rise to 20% of portfolio. For decades the most famous foreigner in China was Norman Bethune, a Canadian doctor about whom Mao Zedong wrote a famous eulogy. Bethune saved countless lives during the Japanese invasion and subsequent Chinese civil war, thanks to his medical skills. In Mao’s essay – which still appears in schoo … http://bit.ly/2Nm4yxk