However, younger generations are unsure as to whether the increasing demand will be met. According to a survey conducted by the Bank’s affiliate, the Central Council for Financial Services Information, among the households headed by those under 60, 19% were “very worried” about retirement in 1995, and the share more than doubled to 45% in 2003.
Changes in the social structure and lifestyle may also be sources of uncertainty about the future. Traditionally, family members cared for their aged parents and neighbors helped each other, while businesses, under the so-called “lifetime employment system,” provided employees with education, welfare, and job security.