A survey recently released by Japan shows that 64% of Japanese people are willing to continue working after reaching retirement age for economic reasons. An online survey conducted by the life insurance company Nippon Life Insurance Mutual Co., Ltd. in August showed that among the 7543 respondents, 38.7% said they hope to continue their current job after retirement, while 25.3% said they prefer Engage in other jobs.

When asked when they would like to work, 40% of the respondents said they were between 65 and 69 years old, and about 11.7% said they were ready to work until they were over 75 years old. Japan’s declining birthrate and aging population are serious, causing labor shortages. Currently, the retirement age in Japan is 65.

A legal amendment to be implemented in April next year calls on companies to allow employees to work until the age of 70 to partially alleviate labor shortages. In addition, on average, respondents hope to save 30.33 million yen (approximately US$290,000) for retirement.