More than Half of Japanese are Dissatisfied with Assets and Savings

On August 30th, the Cabinet Office of Japan released the 2019 National Survey on Public Life. For the current assets and savings, the proportion of respondents who answered “discontent” and “slightly dissatisfied” totaled 54.3%, an increase of 2.1 percentage points over the previous year. This is the first time this percentage has increased in five years. “Satisfaction” and “Basic Satisfaction” fell by 2.1 percentage points to a total of 42.5%.

According to the report office of the Cabinet Office of the Japanese Government, there may be an increase in the number of people who are worried about how to cope with the future because of the impact of the previous report of the Japan Financial Services Council’s report that there is a gap of 20 million yen in the old age.

For the current income , the proportion of respondents who answered “satisfaction” and “basic satisfaction” totaled 52.3%, an increase of 0.8 percentage points. “Dissatisfaction” and “slightly dissatisfied” were reduced by 0.8 percentage points to a total of 45.6%. The “satisfaction” in terms of income and income has been higher than the “discontent” for three consecutive years.

Regarding “to what extent the current life is satisfied”, “satisfaction” and “basic satisfaction” totaled 73.8%. Compared with the previous year with the highest record in history, it dropped by 0.9 percentage points. Respondents who reported that their living standards were “increasing” fell by 1.7 percentage points to only 5.5%, while “declining” increased by 0.3 percentage points to 14.1%.

The survey asked the government’s expectations in a multi-selection format. The results showed that “the improvement of social security such as medical care and pensions” increased by 2.1 percentage points to 66.7%, the highest proportion. Secondly, the “economic stimulus measures” increased by 1.9 percentage points to 52.5. %. According to the age group, respondents from 18 to 39 years old rated the highest proportion of “social security improvement”. In this age group, the top ranked last year was the “economic stimulus measures.”

The respondents who answered the “Traffic Safety Countermeasures” were 22.3%, an increase of 7.4 percentage points over the previous year. Some analysts believe that cars in Otsu City, Shiga Prefecture, have been affected by traffic accidents involving children in the nursery school and 16 people who have died.

The survey was conducted face-to-face with 10,000 men and women aged 18 and over in Japan from June 13 to 30, and a total of 5,492 valid responses were obtained.