Majority of Elderly Households in Japan Live on Pensions Alone

Politics Lifestyle

Tokyo, July 2 (Jiji Press)--A majority of elderly households in Japan live on pension income alone, a welfare ministry survey showed Tuesday.

The share of elderly households in the country who said pension or military pension benefits are their only source of income came to 51.1 pct in 2018.

The figure, which stood at 52.2 pct in 2017, has been on a declining trend since peaking at 57.8 pct in 2013, apparently reflecting an increase in the number of elderly workers.

The result came amid growing uncertainties over life after retirement, triggered by a controversial government report that said an elderly couple needs about 20 million yen in savings, aside from public pensions, for survival after retirement.

The survey, conducted between June and July last year, covered households comprising only people aged 65 or older and such households with unmarried people aged under 18.

[Copyright The Jiji Press, Ltd.]

Jiji Press