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Working at 70 – this is how Japan solves two problems at the same time

Japan already has the highest rate of older workers in an OECD comparison: half of the 65 to 69 year olds work.

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Working at 70 – this is how Japan solves two problems at the same time

Japan already has the highest rate of older workers in an OECD comparison: half of the 65 to 69 year olds work. And in the future there will probably be even more, because Japan's population is aging rapidly. In 2060, it is estimated that 40 percent of the country's people will be older than 65. At the same time, according to an OECD study, the number of 20- to 64-year-olds is falling by 35 percent.

More and more older people who have to be financed by fewer and fewer younger people - a problem that is already clearly emerging in Germany and will continue to grow in the future. Except that in Japan this process is going much faster. The effects this can have on society and the economy can be seen here as if under a magnifying glass.

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