Tag - retirement

 
 

RETIREMENT

The upscale Gangnam area of Seoul is one area in South Korea where high-end apartments for seniors are being developed.
BUSINESS
Sep 28, 2024
Fast-aging South Korea sees money in luxury retirement homes
The popularity of such residences have prompted the likes of Lotte and Hyundai to invest billions of dollars on new projects.
The proportion of people aged 65 and over has risen since the 1950s and is expected to hit 34.8% by 2040, when the second baby boomers (born 1971-1974) will join that group.
JAPAN / Society
Sep 15, 2024
Japan's elderly population grows to record 36.25 million
The proportion of people aged 65 and over has been increasing since the 1950s.
Elderly people rest at a park in Fuyang in eastern China's Anhui province on Friday.  China said the same day that it would gradually raise its statutory retirement age, as the country grapples with a looming demographic crisis and an older population.
ASIA PACIFIC / Society
Sep 14, 2024
China’s first retirement age hike since 1978 triggers discontent
The move could stem a decline in the labor force but risks angering workers already wrestling with a slowing economy.
Commuters sit at a cafe in Sydney on Feb. 26.
BUSINESS / Economy
Sep 11, 2024
Over a third of Australians say they’ll never be able to retire
Australia’s proportion of retirees is expected to surge from 8% today to 19% over the next 40 years.
Michie Hino, 77, works at an elderly care home in Chiba Prefecture. She is one of a growing number of senior Japanese citizens working into their 70s.
JAPAN / Society / FOCUS
Sep 5, 2024
Working till your 70s — Japan's prospective gift to the world
A struggling pension system and the highest inflation in decades have led more Japanese people to delay retirement until their 70s or later to make ends meet.
Elderly people dance in a park in Beijing on Jan. 16.
ASIA PACIFIC / Society
Jul 22, 2024
China to allow delayed retirement to combat population woes
The country is struggling to relieve soaring pressure on pension budgets, with many provinces already facing deficits.
Cleaning worker Hu Dexi, 67, at a shopping mall in Beijing on April 10
BUSINESS / Economy
May 8, 2024
In rapidly aging China, millions can't afford to retire
With a low retirement age, meager pension benefits and no family to support them, many in China feel they simply can't ever stop working.
Tokyo's Kasumigaseki district, where government ministries and agencies are concentrated
JAPAN
Mar 21, 2024
More retired government employees want to work beyond 65
The most common reason, cited by 85.7% of the respondents, was to maintain their standard of living.
In some cases, it's up to individual foreign residents to understand the unique tax implications of their home countries and Japan in order to avoid a penny-pinching retirement.
COMMUNITY / How-tos / Age Wise
Nov 5, 2023
Retiring in Japan? Be prepared to foot your own bills.
“In an ideal world, everyone should have retirement planning on their radar as soon as possible when working life begins.”
Japan Times
COMMENTARY / World
Mar 28, 2023
Blocking the Louvre won’t defuse France’s pension bomb
France’s pay-as-you-go pension system will have only 1.2 workers for every retiree by 2070 — an untenable situation.
Japan Times
JAPAN
Mar 26, 2023
Japan to raise retirement age of civil servants April 1
The retirement age is set to gradually rise until it reaches 65 in fiscal 2031 in order to address labor shortages and the country's declining population.
Japan Times
COMMENTARY / World
Mar 22, 2023
Don't make the same mistake as SVB with your 401(k)
Treasuries aren’t always the safest asset in your portfolio. Your risk depends on the type of bond and what you need the money for.
Japan Times
JAPAN
Jan 8, 2023
As Asian societies age, ‘retirement’ just means more work
Across East Asia, populations are graying faster than anywhere else in the world, and while younger generations shrink, older workers are often toiling well into their 70s and beyond.
Japan Times
BUSINESS / Longform
Oct 17, 2022
Work forever: Japan’s seniors brace for life without retirement
Many older Japanese can no longer afford to stop working as demographic woes pressure the nation's labor market and social security system.
Japan Times
COMMENTARY / World
Oct 10, 2022
Young versus old will define fight over public pensions
The market rout is exposing the vulnerability of the U.S. public pension system. Inflation and the tight labor market will force the worst-hit states into some hard decisions.
Japan Times
SUMO / INSIDE SUMO
Sep 7, 2022
Hakuho coy on details as January retirement ceremony announced
Fans of the former yokozuna can likely anticipate a spectacle when the newly minted Miyagino stablemaster enters the Ryogoku Kokugikan ring one last time.
Japan Times
JAPAN / Society / Longform
Aug 1, 2022
Inside Japan's happiest town
A shrinking community that was fading into obscurity is now considered the nation's happiest town. What's the secret behind the smiles in Hatoyama, Saitama?
Japan Times
COMMENTARY / World
Jul 29, 2022
Assuming you'll retire healthy is an expensive mistake
Many people will face serious health conditions by the time they reach retirement age. It's wise to prepare for such unpleasantness now.
Japan Times
COMMENTARY / Japan
Jul 8, 2022
Pension riches are no panacea for Japan’s startups
The world's biggest pension fund might invest in the next unicorns and decacorns. That's a good beginning — but the country's fledgling scene needs more.
Japan Times
COMMENTARY / World
Jan 7, 2022
Many retirees have a big problem. It isn’t what you think.
Financial advisers say too many of their clients don't actually spend enough of the money they have squirreled away, scrimping more than they need to.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?