Being single in Japan can be a good deal for those looking to save money. Or for those who also have nowhere else to get more money than to pay their own bills.
Check here a survey that revealed how much more economical it is to be single in the country and how much a single person can save.
Being Single in Japan
First of all, it must be remembered that being single in Japan can be considered a social problem. Because the Japanese government has been trying for years to make the young population grow. After all, as the Japanese are long-lived, more young people need to be in the job market to sustain the pension system.
However, this is not what is happening and the government has not been successful in its measures.
Furthermore, it appears that the economic factor also seems to be a reason to discourage people from finding a partner.
Singles in Japan have an average of 7.07 million yen ($100,000) in savings, according to an online survey by The Gibraltar Life Insurance Co and reported by the Mainichi newspaper.
The insurer carried out the survey with 4,700 singles, 2,350 men and 2,350 women aged between 20 and 69 years, in the months of October and November 2022.
The average savings amount of men was 7.35 million yen, while women had 6.8 million yen. As much as 23.1% of respondents had no savings.
Broken down by prefecture, residents of Ishikawa prefecture had the highest savings among Japan’s 47 prefectures, with 13.03 million yen on average. This was followed by Saitama Prefecture with 11.7 million yen and Kanagawa Prefecture with 11.47 million yen.
People in Tokushima Prefecture had the lowest savings of 2.88 million yen on average. Kagoshima Prefecture ranked 46th with 3.69 million yen, and Okinawa Prefecture ranked 45th with 3.83 million yen.
Being single in Japan can be a problem
As stated earlier, being single in Japan can be a problem for the country’s economy as a whole. And this is a problem that has been around for years and seems to only get worse.
If people are not looking for a partner, they are unlikely to have children, for example. And this means that the population of the country will only decrease over the years.
In this way, it is fundamental that the Japanese government looks at surveys like these with a certain care to try to find solutions so that young people are interested in finding someone and not only think about financial issues.
As long as surveys show that it is more economical not to marry, people in Japan are likely to continue to have no interest in looking for a partner.
For now, it looks like economic issues are paying off a lot more than falling in love in Japan.