Russia: Worst pension finance problem: Putin’s impatience

Russia: Worst pension finance problem: Putin’s impatience

-Actually, he is the most afraid-

Putin has a “reason” to invade Ukraine “immediately.”

Russian pension problem:

Russia’s pension problem is an urgent issue for President Putin.

Russia has a problem of reforming the public pension system.

Russia’s “aging problem”:

The average life expectancy in Russia is 73 years.

In the world, it falls into the relatively short category.

Russia also predicts that by 2030, the percentage of people aged 65 and over will be close to 20%.

In response, President Putin implemented “pension system reform.”

Raising the pension age:

Delays “the age at which pension payments begin at 55 for women and 60 for men”.

Announced that “women will be gradually raised to 60 years old and men to 65 years old”.

However, it caused a great backlash from the Russian people.

Putin’s impatience:

Large-scale anti-government demonstrations occur.

At the time of “Crimean annexation” in 2014,

Putin’s approval rating, which was 89%, has dropped to 63%.

Russia’s “population decline”:

Russia’s “population decline” is progressing more rapidly than Japan.

Federal State Statistics Service:

On January 28, it announced that “the country’s population has declined by more than one million last year.”

The rate of decline is the worst since the collapse of the Soviet Union.
It is more than the annual population decline in Japan.
Last year 1 million decline:

The fertility rate has fallen due to the economic downturn,
Against Russia, where mortality is rising
The new Corona is in the shape of a catch-up.
Putin’s power base has been shaken significantly.

The situation is that the president really wants a chance to recover.

Hyundai Business | Kodansha

https://gendai.ismedia.jp/articles/-/92608?page=3

Russia’s Putin orders $2.3 bln pension hike as inflation bites | Reuters

https://www.reuters.com/markets/europe/russias-putin-calls-pension-hike-above-inflation-rate-2022-01-12/