In a recent survey spanning 454 working individuals in their 20s and 30s across Japan, the Job Research Institute has unveiled valuable insights into the financial considerations and societal obstacles surrounding the journey of raising children.
Income Perspectives:
- Minimum Required: The average minimum annual income perceived as essential for raising a single child is ¥8,552,000, with a median of ¥6,000,000.
- Comfortable Amount: Respondents indicate an average annual income of ¥10,376,000 for stress-free child-rearing, with a median of ¥9,000,000.
Parenthood Aspirations:
- Over 71.8% express a deep desire to embrace parenthood in the future.
- A resounding 87.9% believe that a dual-income household is beneficial, citing reasons such as diversified financial risks and increased household income.
Financial Concerns:
- 87.0% of respondents harbor financial concerns about bringing children into the world.
- Top worries encompass insufficient funds for education, juggling other expenses and debts, and grappling with the escalating costs of childcare and food.
- Respondents envision an ideal annual income of ¥6,461,000 for both partners working.
Societal Challenges:
- A substantial 76.7% feel Japan's societal landscape isn't conducive to raising children.
- Hopes for an improved environment include desires for increased wages (65.6%), economic recovery (64.3%), and an enhanced financial support system (51.8%).
The perceived financial weight of child-rearing and unique societal challenges in Japan underscores the necessity for comprehensive support measures.
Addressing economic concerns and crafting an environment that cherishes family life could play a pivotal role in reversing the declining birthrate trend in Japan.
The institute suggests that supporting Japan's youth, pivotal in addressing the declining birthrate, could usher in positive changes and alleviate concerns surrounding marriage and parenthood.
What do you think of these findings?
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