The achievements of economic development are not only reflected in the increase of material wealth, but also in the tangible improvement of people's lives. Ensuring and improving people's livelihood in the process of development is a major task of Chinese path to modernization and an internal requirement for realizing a better life for the people. When analyzing and studying the current economic situation and economic work at the Central Political Bureau meeting, it is particularly emphasized to combine promoting consumption with benefiting people's livelihoods, to increase income for the middle and low-income groups, and to enhance the consumption structure. This is the key to improving the effectiveness and targeting of China's stock policies and incremental policies, and is an important policy guarantee for achieving the annual economic and social development goals and tasks. The effective expansion of household consumption relies on the sustained growth of residents' income levels. The strategy of expanding domestic demand and related policies currently being implemented in China should not only focus on the speed of economic growth, but also pay attention to enhancing the comprehensive effects of expanding employment, improving income levels, and optimizing consumption structure generated by economic growth. China's per capita GDP has reached the level of middle-income countries, and the people's living consumption structure is accelerating the transformation from commodity consumption to service consumption. The demand for culture, education, medical care, leisure, pension, tourism and other service industries to improve the quality of life is in a rapid growth cycle, with huge potential for people's livelihood consumption. On the one hand, in the process of developing towards high-income countries, the issues of population fertility and aging, which affect the long-term economic potential, have become increasingly apparent. The current fertility and elderly care policies still lack sufficient effectiveness. In terms of education costs, holiday guarantees, housing support, tax reductions, service guarantees, etc., enterprises and the public do not have a strong sense of gain, and the social atmosphere that encourages fertility and the development of elderly care has not yet been fully formed. On the other hand, the current demand for consumption in the above-mentioned fields among the people is strong, and there is a huge need for investment, expansion, and upgrading. It is urgent for governments at all levels to provide financial, financial, industrial, land and other related policy support from the aspects of factor acquisition, government services, and labor employment. The development of related production enterprises and service industries that promote consumption and improve people's livelihoods is a comprehensive public policy that involves multiple entities such as government, society, units, families, and individuals, covering multiple fields such as economy, society, culture, and education. It requires coordination, correlation, and coupling mechanisms between government departments and different levels of government to achieve the overall promotion of a package of policies. In the current and future period, we should focus on accelerating the development of modern production and lifestyle industries in the secondary and tertiary industries, and accelerate comprehensive reforms in economic and social fields such as improving the business environment, building a market system, improving relevant regulations, and attracting foreign investment. Focusing on the implementation of the "two unwavering" policies, we will provide more effective incremental support policies for public and non-public enterprise entities, promote the flourishing of new consumption formats and the flourishing of various service industries, making them a huge reservoir for expanding new employment groups and absorbing ordinary labor force for job transfer, and promote the national economy to enter a new development cycle of employment, income increase, consumption expansion, and quality of life as soon as possible. In response to the development of aging and low birth rates, relevant incremental policies should be more coordinated, systematic, and strong, vigorously supporting and regulating the development of the elderly care and childcare industries by social forces. Accelerate the construction of a fertility friendly society, reduce social insurance premiums during maternity leave, increase the reimbursement ratio of newborn medical insurance, and include assisted reproductive technology in the scope of medical insurance reimbursement to alleviate the economic burden on families; Provide flexible employment opportunities for women giving birth and adopt flexible commuting methods to reduce time conflicts between parents' work and family; Incorporate childcare services into basic public services, provide free after-school services, and improve maternal and child service facilities to help alleviate fertility problems and parenting burdens. Faced with the severe challenge of aging before becoming rich, we need to accelerate the nationwide coordinated management of the basic pension insurance fund, improve the efficiency of fund utilization and risk resistance, organize and lead by the central government, raise funds and invest from all parties, and include more flexible employees, migrant workers, etc. in the pension insurance system to achieve full coverage. Governments at all levels should increase investment to improve the operational efficiency and service quality of public elderly care institutions, encourage enterprises to develop diversified products such as healthy food, smart wearable devices, and aging friendly home products according to the needs of the elderly, as well as provide personalized services such as home services, health management, and psychological counseling. Through the development of the silver economy, create diversified and personalized employment positions for elderly product designers and engineers, health consultants, tourism planners, etc. While enhancing the employment creation ability of the elderly industry, a diversified and multi-level elderly care service system should be formed. The happiness and health of the people are the ultimate goal of promoting high-quality development, and the bottom line of people's livelihood is the bottom line that must be taken care of for economic development. Combining the promotion of consumption with the benefit of people's livelihood, and holding onto the bottom line of people's livelihood, not only reflects a high degree of attention to livelihood issues, but also reduces residents' worries about consumption, enhances the endogenous driving force of economic circulation, and better promotes stable economic growth and high-quality development. (New Society)