China’s Seniors, Seeking Retirement Homes, Find Scams Instead - News Summed Up

China’s Seniors, Seeking Retirement Homes, Find Scams Instead


The saleswoman waited for Yang Jinzhong at the bus stop. She took Ms. Yang for a tour in her car. Ms. Yang, 78, was reluctant. In China, where the population is graying with stunning speed, space in affordable retirement homes is hard to find. In the end, Ms. Yang gave $31,000, her life savings, to the retirement company.


Source: New York Times February 27, 2021 22:52 UTC



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