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IV. Savings and Liabilities
1. Savings by age and sex
(1) Outstanding savings
Seen by age and sex, outstanding savings were seen tending to increase the older the age group, with the ?1.64 million for men under 30 years old the least and the ?19.92 million for the 70 years or older range the highest. Women under 30 years old also had the least with ?1.44 million, with those in their 60s having the most with ?15.86 million, followed by those 70 and older with ?13.78 million. Looking at the outstanding savings to yearly income ratio (the rate of savings to yearly income), men and women under 30 years old possessed savings nearly equivalent to half their yearly income, at 47.6% and 51.5% respectively. Those in their 30s had 105.9% and 124.8% respectively, with outstanding savings exceeding yearly income for both men and women. These grew even higher for those in their 40s, at 129.1% and 206.9%, and in their 50s, 280.0% and 394.5%. The figures were 484.5% and 637.2%, respectively, for those in their 60s, when yearly income falls substantially, and 673.8% and 612.4% for the 70 years or older age group, in which both men and women possess savings equivalent to six times the amount of yearly income. Looking at the rate of savings to yearly income by sex, women exceeded men in all age ranges, except the group 70 years or older. (Figure IV-1, Table IV-1)
Figure IV-1 All Households? Outstanding Savings by Age and Sex
Table IV-1 All Households? Outstanding Savings and Yearly Incomes by Age and Sex
(2) Outstanding savings composition
Looking at the breakdown for outstanding savings by age and sex, all male age groups except those under 40 years old held the most savings in time deposits. Time deposits shares increased the higher the age group from those under 30 years old up. Looking at types of savings that ranked below time deposits in each age group from those in their 40s and above, those in their 40s and 60s held the most in demand deposits accounts, those in their 50s in life insurance policies and such, and those 70 years or older in securities. On the other hand, women in all age groups except for those under 30 years old held the most savings in time deposits. Time deposits accounted for a 50.1% share of outstanding savings for those in their 60s and 54.5% for those 70 years or older, making up over half the outstanding savings in the groups 60 and older. Life insurance was the most common form of savings after time deposits for all female groups 40 and older. The share for demand deposits accounts exceeded those of time deposits for men and women under 30 years old and men in their 30s. Comparing shares by form of saving by sex, men had more demand deposits and securities than women in all age groups and women more time deposits and life insurance than men in every age range. (Figure IV-2)
Figure IV-2 All Households? Savings Ratios by Age and Sex
(3) Distribution of households by group of outstanding saving (All households)
Looking at young and elderly, one-person households? shares in the outstanding savings rankings by sex, all tended toward the lower savings balance segment, with around 60% of households below the mean values (?1.64 million for men, ?1.44 million for women about young, one-person housholds, ?18.16 million for men, and ?14.22 million for women about elderly, one-person households). Also, among young, one-person households whose outstanding savings was under ?500,000, men and women accounted for around 1/3, at 30.3% and 34.0%, respectively. The median bisecting all households was ?900,000 for both men and women of young, one-person households, ?13.06 million for men, and ?8.69 million for women about elderly, one-person households. (Figure IV-3)
Figure IV-3 Household Distribution by Sex and Outstanding Savings Rank (All Households)
2. Liabilities by sex and age group
