Categories: Business

Social security system: Japan single-person households to reach 23.3m by 2050

TOKYO (Reuters): The number of Japanese senior citizens living alone will likely jump 47 per cent by 2050, a government-affiliated research institute said on Friday, underscoring the heavy burden the country’s demographic change will exert on its social security system.

The number of single-person households is expected to reach 23.3 million in 2050, accounting for 44.3pc of total households. That would be higher than 38pc in 2020, the National Institute of Population and Social Security Research said.

Of those one-person households, senior citizens aged 65 or older will likely represent 46.5pc in 2050, compared with 34.9pc in 2020, the institute’s estimates showed.

Japan, one of the world’s most advanced ageing societies, has seen a constant decline in the number of marriages in recent decades as a stagnant economy hits the young generations the hardest. The COVID-19 pandemic also came in the way of people meeting their potential partners and tying the knot.

Nearly one-third of Tokyo men in their 50s have never been married, while data gathered by Recruit Holdings shows 46pc of men and 30pc of women in their 20s in Japan have never dated.

The Frontier Post

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