TOKYOOctober 08 (News On Japan) – Retirees in Japan face a harsh financial reality due to unexpected costs such as serious illnesses and funeral costs. Pension amounts are often inadequate, with some retirees receiving only 50,000 to 125,000 yen per month.
Without supplemental income, many struggle to cover basic living expenses. In Tokyo, where the cost of living is high, this situation becomes particularly acute.
Interviews with people of working age reveal growing concerns about the adequacy of future pensions. Many express concern about declining pension amounts and doubt whether they will be sufficient to meet their needs in old age.
For current retirees, unexpected expenses pose a significant burden. Some face significant medical costs, while others face high funeral costs, sometimes reaching 5 million yen. This has led many to opt for simpler ceremonies intended for the whole family only. To ease future financial burdens, some are opting for more affordable burial options, such as tree burials.
Source: FNN
