Sunday, 13 October 2013

Japan: Household income gap widens to biggest since 1962

"A survey shows that the income gap among Japanese households is wider than ever, mainly due to a rise in the number of low-income elderly people.
The welfare ministry on Friday released the result of a survey conducted between July and August 2011. About 5,000 households responded.The nationwide survey excluded Iwate, Miyagi and Fukushima prefectures, which bore the brunt of the effects of the earthquake and tsunami in March 2011.
The average annual household income was 41,100 dollars, excluding public pension payouts. That's down 9.1 percent from the previous survey in 2008.
The index showing income distribution inequality, called the Gini coefficient, was 0.5536"

Source: NewsOnJapan

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