Japanese Voter Concern about Life after Retirement Growing

Politics Lifestyle

Tokyo, July 15 (Jiji Press)--Japanese voters' concern about life after retirement has been fueled by a recent government report that an elderly couple living on pensions would need additional life savings of about 20 million yen.

"I'm concerned that our generation would face a shortage of funds for life after retirement. I don't think social insurance programs will be sustained as they are," said Shinobu Kikuchi, 44, a corporate employee in Ageo, Saitama Prefecture, who attended an investment seminar for beginners in Tokyo.

Kikuchi said she decided to attend the seminar, organized by Financial Academy, a Tokyo-based financial seminar company, after the pension report stirred up controversy.

"In the House of Councillors election, I'll vote for (a candidate or a political party) that is addressing our concern about the future," Kikuchi said. The Upper House election is set for Sunday.

The seminar brought together about 50 people, mainly those in their 30s to 50s. "Interest (in investment) is growing in a wide range of generations, said Financial Academy lecturer Kaoru Onohara.

[Copyright The Jiji Press, Ltd.]

Jiji Press