A private research firm conducted a survey and revealed that more than 40% of people in the labour force population in Japan want to keep working after their retirement age.
Meiji Yasuda Research Institute Inc. announced the results of its survey on Dec 13 on work styles targeting 1,800 working people in their 20s to 60s.
Asked if they would like to continue working after their retirement age, or if they had already retired, if they had wanted to keep working, 43.9% of the respondents answered “yes.”
The results showed that those who are highly satisfied with their current jobs and those who have a good work-life balance tended to be more likely to think about continuing to work.
Regarding the reasons for wanting to work after retiring age, with multiple answers allowed, 37.7% said their savings and pension are not enough to cover their living expenses, while 38.9% answered that they “want to have financial leeway,” indicating that many people are thinking of working due to anxiety about future living costs.
On the other hand, 35.7% of people who want to keep working said they want to feel fulfilled in their jobs and like working, suggesting that there are also many people who want to work for positive reasons.
Against the backdrop of labor shortages and other factors, companies will be required to ensure employment until the age of 65 from April 2025.
An economist at Meiji Yasuda Research Institute pointed out, “It’s important to maintain high levels of satisfaction and a good work-life balance among workers before they reach retirement age to encourage employment among the elderly.”
The survey was conducted via the internet in late October, targeting full-time company employees, part-time workers and public servants in their 20s to 60s. – Mainichi Japan
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