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In Japan, the phenomenon of “old-old inheritance,” where elderly individuals inherit wealth from other elderly individuals, is on the rise. As life expectancy continues to exceed 80 years, In Japan, the phenomenon of “old-old inheritance,” where elderly individuals inherit wealth from other elderly individuals, is on the rise. As life expectancy continues to exceed 80 years, both heirs and testators are increasingly becoming part of the older demographic. This trend raises concerns about the potential economic implications of wealth remaining stagnant within older households. According to an analysis by the Nikkei newspaper, based on the 2024 Economic and Fiscal White Paper released by the Japanese Cabinet Office, as of 2022, 52.1% of those who inherited wealth were aged 60 or older. This statistic reveals that more than half of heirs are receiving assets in their sixties or beyond. In comparison, 27% of heirs are in their fifties, while those under 49 years old make up 20.6%. Furtherm...

More than 70% of elderly people living alone are in poverty, and job shortages are a problem. More than 70% of elderly people living alone are in poverty, and job shortages are a problem. In Japan, 30% of real estate is avoided by the elderly... Korea is not far behind. By 2040, South Korea will enter the "Ten Million Elderly Households Era." As of now, single-person households account for 34.5% of all households in South Korea. The rapid increase in single-person households indicates the arrival of the solo era. This article series, [Living Alone], explores new types of consumption, lifestyles, customized policies, youth housing, and issues related to solitary deaths among single-person households. In 2030, our society will fully experience the 'population cliff'. This is a statement from Professor Cho Yong-tae of Seoul National University in his book "Population Future Coexistence." The term "population cliff" refers to a decline in the working, ...

South Korea's total population has increased for the first time in three years Recent statistics reveal that South Korea's total population has increased for the first time in three years, despite concerns over low birth rates and an aging population. This blog post explores the reasons behind this demographic shift, the contributing factors, and the potential future trends of South Korea's population. 1. Background of Population Increase South Korea's population, which had been on a decline due to low birth rates and an aging demographic, has seen an increase for the first time in three years. According to the '2023 Population and Housing Census Results (registered census method)' released by Statistics Korea, the total population last year was 51.775 million, an increase of 82,000 (0.2%) compared to the previous year. This marks a reversal after two consecutive years of decline since 2021. 2. Contribution of Foreign Residents The primary driver of this popula...