Business · Economy · 2 hrs ago

Couple earning over ¥10 million a year had savings of just ¥500,000

Couple earning over ¥10 million a year had savings of just ¥500,000

A 39-year-old husband in Japan learned his household had only ¥500,000 in savings after asking his wife about their finances.

He earns ¥8 million a year and receives ¥30,000 a month as spending money.

The couple both work, and their combined annual income is over ¥10 million.

The husband had left household money management to his wife, believing his role was to earn money.

The low savings amount raised the question of where the household income was going.

A financial planner says couples should think together about managing money and their financial future.

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Husband in the case39-year-old husband
I was handing everything over.
via Toyo Keizai