Impact of inflation on basic household expenditure China 2023, by age
Rakuten Insight in March 2023 in China, about 73 percent of respondents aged 55 years and above stated that rising inflation affected their ability to pay for basic necessities such as food, clothing, and healthcare. Meanwhile, 30 percent of respondents in the same age group reported that they were unable to save due to inflation.
According to a survey conducted by