Inflation & Prices
Working Into Your 70s Is New Norm In Japan That May Spread to Rest of World
- Around half of Japanese men aged 65-74 are still working
- Country’s pension system is under pressure as nation ages
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Japanese people are living longer, but with a struggling pension system and the highest inflation in decades, more are delaying retirement until their 70s or later to make ends meet.
Michie Hino is one of them. She works at an elderly care home east of Tokyo, where she spends eight hours a day cleaning the facility and washing laundry even though she’s 77 years old herself. She’s part of the workforce supporting Japan’s growing ranks of aged and infirm.