Average Savings Rate for 60th Birthday Celebrants in 2024 Revealed: Half Have Less Than 5 Million Yen – Otonancer Editorial Department

What is the average amount of savings for those who will reach their 60th birthday in 2024?

Prudential Gibraltar Financial Life Insurance (Chiyoda-ku, Tokyo) has named men and women who will reach their 60th birthday in 2024 as “kanrekibito” and conducted a “survey of 60th birthday people” born in 2024.” The results were announced.

The most common amount is “less than 1 million yen”

The survey was conducted between March 18 and 21, 2024, using an Internet survey targeting men and women from all over Japan who were born in 1964 and will reach their 60s in 2024. We received valid responses from 2000 people.

When all respondents were asked how much they currently have saved (for the couple if they have a spouse), the most common answer was “less than 1 million yen” (28, 9%). For the rest, responses were scattered to “1 million to less than 3 million yen” (14.7%), “5 million to less than 10 million yen” (13.1%), and “10 to less than 15 million yen” (9.6%) %).

The percentage of “less than 5 million yen” was 50.5%, and the percentage of “more than 20 million yen” was 24.4%. Half of them have less than 5 million yen, showing the difference in savings.

The average savings rate was 27.82 million yen. This is a significant decrease of 6.72 million yen from 34.54 million yen last year (2023). This means that in 2024, the constant trend seen until last year has decreased to the same level as the 2018 survey (27.25 million yen). The highest price was 4 million yen.

In response to the survey results, the company said, “The unsustainable rise in prices and the shift from savings to investment may be contributing.”

(Otonancer Editorial Department)