【Aging, safety net and fiscal crisis in Japan】No.38: Unmarried elderly people will increase sharply

In this column series, Yukihiro Matsuyama, Research Director at CIGS introduces the latest information about aging, safety net and fiscal crisis in Japan with data of international comparison.

The unmarried rate of the elderly is expected to rise sharply due to the growth in the number of unmarried people in the past decades. As shown in Table 1, the unmarried rate for ages 65 to 69 will be 21.2% for males and 15.9% for females in 2040. The rate for people aged over 75 is expected to be 10.2% for males and 6.5% for females.

This suggests that if we develop financial and insurance products that are appropriate for the life design of unmarried elderly people, it will lead to new market development.

Table 1 Unmarried rate by age group


(Source)National Institute of Population and Social Security Research

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