Average Japanese Household has more than $100,000 in savings

The Japanese have a lot of money saved up.

Generally there are six ways they tie up their money: bank, post office,life insurance premiums, stocks, bonds, and trusts.

According to the Ministry of Internal Affairs and Communications, the AVERAGE amount of savings per salaried worker's household is 12,730,000 (abt. $110,000). Each household has on AVERAGE more than $110 grand.

That means somebody had more than $200K in the bank when I was there because I didn't have any.

The breakdown:

1. Post office – 20.5%

2. Bank – 36.6%

3. life insurance – 29.7% – if it is not used it can be drawn on.

4. Stocks – 5.5%

5. Bonds – 2.0%

6. Trusts – 0.8%

The average amount of debt each household carries is about 6,550,000 yen ($58,000).

How much savings do you have?

2006 Asahi Nenkan