Reverse Mortgage And The Application In China

China has already become an aging society. The economy has not been fully developed and the average income is yet much lower when china became an aging society in contrast to developed country. The policy of family planning will lead to a bad result that there will be a larger number of "four-two-one" type families in china which two couples have to raise four elders and one child. The combination of an accelerated aging of society and the evolution of the family structure has resulted in a substantial increase in the number of "empty-nest" families. Chinese traditional culture that it is children's duty to sport their parent or grandparent is no longer realistic when they grow older and cannot support themselves. China is transforming from planned economy to market economy and the social security systems lag far behind. The situation of old-age care is more complex and severe in china. The developed country has been aging society for a long time and developed many viable experiences in old-age care. It is a convenient way to learn these valuable experiences from developed countries and develop our old-age care products and systems which accord with the situation of china.There is a financial tool in developed country which is named "Reverse Mortgage". Reverse Mortgage is a kind of financial...