According to projections, the number of people aged 60 and above will exceed 300 million in 2024, 500 million in 2048, and reach a peak of 524 million in 2052, and the number of people aged 65 and above is expected to exceed 300 million in 2033, exceed 400 million in 2050, and reach a peak of 436 million in 2057. Census 2020, the number of urban elderly exceeded that of rural areas. The number of rural elderly is still growing, and the proportion of the elderly population is 8% points higher than that of urban areas. It will take about 15 years for China median age to get up to Japan's 48. China's economy is under pressure as its population declines and gets old. The number of seniors who age out of the workforce is already huge. The working age population could drop by 250 million by 2050.