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A record 63% of Japanese feel financially uncomfortable

A record 63% of Japanese feel financially uncomfortable

The proportion of Japanese who are not financially comfortable and have no prospects for economic stability reached a record 63.2%, The Japan Times reported on March 24, citing a cabinet study.

The result, which reflects rising prices, was the worst since the question was added to the survey in 2008, a Cabinet Office spokesman said.

In a public opinion survey on the topic of social awareness, respondents were asked to select the reasons for their dissatisfaction, with multiple responses allowed.

Of the total number of respondents, 28.6% noted difficulties in raising children. This was followed by difficulties for young people to achieve independence, cited by 28.2%, and difficulties for women to have an active role in society, cited by 26.2%.

When asked about areas where Japan is going in the wrong direction, 69.4% (the largest proportion) chose increasing prices, little changed from 70.5% in the previous survey conducted in 2022. Next is the financial health of the country with 58.4%, followed by the economy with 58.1%.

The survey also asked whether people should prioritize society or their personal lives. The proportion of people who see a need for greater attention to society fell 3.1 percentage points to 55.3%, while the proportion who chose privacy increased 3.9 points to 43.8%.

The survey was carried out between November 16 and December 24 last year and covered 3,000 people aged 18 or over. Representative answers were given by 57.1%.

Source: Rossa Primavera

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