Why are Japanese people still working at a very old age?

I think there are several reasons for this situation:

One, the aging of Japanese society is really too serious

Recently released data from the Japanese government shows that the number of Japanese elderly people over the age of 80 has already surpassed the 10-million mark, and it's estimated that by 2060, the number of people in Japan who are over the age of 65 will reach 40 percent of the total population. The problem of aging has become a modern crisis that Japanese society cannot avoid, and because of labor shortages, many Japanese employers see the elderly as a valuable labor resource.

Two, Japan's pension is really low

At present, most of Japan's large and medium-sized enterprise workers retire at 60 in principle, but according to the employee's own wishes, they can be rehired to the age of 65. However, the rehiring salary is reduced by almost half. Since Japanese pensions start at age 65 in principle, if you want to start at age 60, you need to draw in advance. Therefore, most workers still choose the re-employment method after retirement to earn their living expenses until they start receiving their pension at age 65.

Third, prices and high cost of living

In recent years, due to Japan's continued economic downturn, pensions have barely increased over the years, and the actual quality of life for many retired seniors has been significantly affected. According to Japan's Ministry of Health, Labor and Welfare, in 2014, the average Japanese middle-class family, couples receive a monthly pension of 218,000-230,000 yen (about 1,809-1,909 U.S. dollars). According to the current price level, it is difficult to maintain a comfortable and decent life for a couple with these pensions alone.