Japan’s Baby Boomers and retirement issues

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Do you know the expression 'Baby Boom Generation'? graph of japanese opinionWith Japanese baby boomers due to start reaching the mandatory retirement age from this April, MyVoice performed a timely survey over the first five days of February looking at this very issue of the baby boom generation.

Demographics

13,304 members of MyVoice’s online community successfully completed a private internet-based survey. 54% of the sample was female, 2% in their teens, 19% in their twenties, 39% in their thirties, 26% in their forties, and 14% aged fifty or older.

Japan’s baby boom generation are those born in the immediate post-war times from 1947 to 1949, or 昭和, Showa, 22 to 24 when counting by the Japanese imperial reign-based calendar system.

I must admit to general ignorance on what problems exactly the mass retirement will have, except for accelerating the increase in pensioners, and therefore increasing the amount of money the government needs from me to keep the OAPs in bingo money. I suppose that in itself is as big a problem as it gets, although another reason I’ve heard about from the press is that Japan will lose the generation that made Japan what it is today, although I personally don’t see that as a problem.

Survey results

Q1: Do you know the expression “Baby Boom Generation”? (Sample size=13,304)

Know about it in detail 44.7%
Know a little about it 46.2%
Just heard the term 7.6%
Don’t know it 1.5%

Q2: What sort of image do you have regarding the “Baby Boom Generation”? (Sample size=13,304, multiple answer)

Stubborn 43.5%
Fortitute 38.1%
Diligent 37.8%
Conservative 33.2%
Assertive 29.9%
Dynamic 19.2%
Determined 16.9%
Wise 14.5%
Ambitious 13.7%
Sincere 12.2%
Cooperative 9.1%
Prudent 7.2%
Free 4.6%
Individualistic 4.5%
Progressive 3.9%
Naive 3.6%
Empathetic 2.9%
Friendly 2.9%
Considerate 2.5%
Bright personality 2.3%
Calm 1.5%
Elegant 1.5%
None of the above, don’t know 11.9%
No answer 0.1%

Q3: Do you know anyone in the “Baby Boom Generation”? If more than one, choose the closest relation. (Sample size=13,304)

Father 24.7%
Brother or sister 3.3%
Other family member or relative 14.5%
Friend 4.6%
Person at work or work contact 24.1%
Someone who lives nearby 4.1%
Myself 2.5%
Other 1.4%
Can’t think of anyone 20.9%

Q4: What sort of image do you have of the person in Q3? (Sample size=those who know a Baby Boomer, multiple answer)

Diligent 35.9%
Stubborn 32.7%
Fortitude 25.4%
Assertive 24.5%
Conservative 21.6%
Dynamic 20.3%
Determined 19.0%
Wise 16.4%
Sincere 16.3%
Friendly 13.4%
Ambitious 11.5%
Bright personality 10.1%
Cooperative 9.4%
Individualistic 8.5%
Prudent 8.3%
Considerate 8.1%
Free 7.6%
Calm 6.3%
Naive 5.4%
Elegant 4.2%
Empathetic 4.2%
Progressive 3.1%
None of the above, don’t know 8.1%
No answer 0.2%

Q5: Do you know about the problem of vast numbers of the “Baby Boom Generation” reaching retirement age of 60 between 2007 and 2009? (Sample size=13,304)

Know about it in detail 49.0%
Know a bit about it 42.1%
Know about mass retirement, but didn’t know it was a problem 6.3%
Don’t know about either the retirement or the problem 2.6%

Q6: How much of an effect will the mass retirement of the “Baby Boom Generation” have on society in general? (Sample size=13,304)

Great effect 31.1%
Some effect 54.9%
Little effect 8.7%
No effect at all 1.0%
Don’t know 4.3%

Q7: How much of an effect will the mass retirement of the “Baby Boom Generation” have on you yourself? (Sample size=13,304)

Great effect 8.9%
Some effect 33.1%
Little effect 39.5%
No effect at all 11.0%
Don’t know 7.5%
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