Japan’s Elderly Population Reaches Record High
According to recent government data, Japan’s elderly population has reached a record high of 36.25 million, with individuals aged 65 or older now making up nearly 30 percent of the total population. This demographic shift poses significant challenges for the country as it grapples with a worsening demographic crisis.
The data further reveals that there are approximately 20.53 million elderly women and 15.72 million elderly men in Japan. Surprisingly, a record 9.14 million elderly individuals were employed last year, highlighting the changing dynamics of the labor market.
With Japan’s population declining by 595,000 each year, experts predict that by 2040, elderly Japanese citizens will make up 34.8 percent of the population. This trend could potentially lead to a shortage of over 11 million workers by 2040, according to a study by the Recruit Works Institute in Tokyo.
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