Public retirement in Japan does not reach $ 1,600 per month, which forces many people to continue working longer
The demographic situation of Japan is forcing the government and companies to adapt their rules to maintain the balance between the aging of the workforce and the serious scarcity of young work caused by decades of birth phase.
One of the measures that have been most applied by companies is the expansion of the compulsory pension age. Therefore, the most veterans employees can continue to work Until 70, if they want it.
5.4 million senior workers
According to data issued by Nikkei Asia, Japanese companies maintain over 5.4 million workers from age or over 70 years of age. Second to relationship Since 2024 Japanese commercial federation, the employment rate between people over the age of 65 in Japan is 25.2%, much above 18.6% of the United States, 10.9% of the United Kingdom and 3.9% recorded in France.
According to this report, 99.9% of Japanese companies have measures to guarantee the use of their workers in addition to 65, after the renewal of 2023 which increased the retirement age in Japan from 60 to 65 years. However, Japanese companies have gone beyond legislation: 29.7% of them have measures that guarantee employment up to 70 or more.
In Japan, the 70 are the new 60
According to the data of A research Held in 2023 by the Ministry of Labor of Japan, 80% of the workers of the retirement age wanted to continue working after the age of the legal pension. Of these, …
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Ben Stock is a lifestyle journalist and author at Gossipify. He writes about topics such as health, wellness, travel, food and home decor. He provides practical advice and inspiration to improve well-being, keeps readers up to date with latest lifestyle news and trends, known for his engaging writing style, in-depth analysis and unique perspectives.
