Meet the typical Japanese millennial: Victims of the country's 'Lost Decade,' they are trapped in dead-end jobs and are adamant about never having kids
26% of homes were owned by heads of households in the 30 to 34 age bracket — down from 46% in 1983. The homeownership rate for heads of households in the 35 to 39 age group fell from 60% to 44% in the same period.
Despite this, Jin Gujin, a 37-year-old mechanical engineer in Kyoto, has seized upon a niche in Japan's rental market. He took out a $430,000 loan in 2022 to buy two properties that he renovated into sharehouses, where tenants rent a room and split kitchen and bathroom facilities. He lives in one of his two properties and says if it weren't for his rental business, he'd be content renting a room in someone else's sharehouse."I think Japanese people are happy to rent until their deaths," he said.
Japanese millennials may not be working themselves to death, but they're still clocking long hours at work.On a typical workday, Jin clocks 12 hours at his office, where he has been designing smartphones, cameras, and tablets for the past 13 years. But things are changing — Takeshita believes millennial employees are beginning to reject the culture of working overtime because Japanese companies aren't drawing that kind of business anymore.
With Japan's millennials perpetually worried about the economy, few of them are thinking of starting families.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These cheap, tiny Japanese pickup trucks are winning fans in America - AutoblogImported Kei trucks have become increasingly popular with people wanting a cheap, nimble pick-up on farms, or to carry surfboards to the beach.
Read more »
Tips for treating destructive Japanese beetlesIt’s time to keep an eye out for Japanese beetles, one of the most easily recognized and destructive garden pests.
Read more »
Warren Buffett's Berkshire Hathaway ups stakes in five Japanese trading firmsBerkshire Hathaway's stake in each of the trading firms now averages more than 8.5%.
Read more »
Multiple Gunshot Victims Reported Outside EDM Festival at Washington’s Gorge; Suspect in CustodyMultiple gunshot victims were reported as beating treated after violence broke out in a campground at the site of the Gorge amphitheater in Washington state Saturday night, while performances were …
Read more »
Evictions are roaring back as rents rise, affordable housing stallsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »