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by adev_
521 days ago
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Pensions in Japan are divided in two systems: public and private.
Which one you have depend of your job type. Public pensions are extremely low (~5600$/year). They are more a "survival minimal amount" for the elderly than a real retirement pension. There is also a phenomenon of pride among the elderlies in Japan: It is almost unthinkable for them to ask money to their children (At the opposite, doing so is pretty common in China or Korea). Considering this context and life conditions, it is no surprise that some elderly with the lowest pensions choose to turn into crime to try to overcome their situation. Their is a lesson the west should take here: Western countries birthrate follows the direction of Japan ones. Considering our pension schemes will become also at risk, we might encounter exactly the same situation in some decades. |
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Canada here. The maximum possible CPP (Canada Pension Plan) monthly payout is half the average rent for a 2 bedroom apartment across the country.
It's funny, 20 years ago we were talking about boomers not having saved enough for retirement and worries around that... Now real estate has inflated so much that boomers are the wealthiest cohort and most retire by selling real estate then downsizing or renting...