1 in 5 Japanese households will be elderly people living alone by 2050
Japan scrambling with its greying population
TOKYO: One in five Japanese households by 2050 will be elderly people living alone, a new study said, as Japan scrambles to find how to effectively care for its greying population. By 2050, 10.8 million elderly people will be living alone, making up 20.6 percent of all households, the National Institute of Population and Social Security Research said in a projection that it issues every five years. It marks an increase since 2020, when 7.37 million elderly, or 13.2 percent of all households, lived alone. The projection came as young Japanese people delay marriage or choose not to have children partly because they cannot afford to do so.
Japan is facing a steadily worsening population crisis, as its expanding elderly population leads to soaring medical and welfare costs and a shrinking labor force to pay for it. Many elderly people currently have children or siblings who can look after them, even if they live alone, the institute said. “However, 30 years from now, the proportion of elderly single-person households with no children - whether married, bereaved, or separated - is expected to increase, and the number of siblings of the individual will also decrease,” the study warned.
Japan’s overall population shrank by
Gulf Bank announces 10 winners of AlDanah monthly draw
KUWAIT: As part of its ongoing commitment to reward its customers, Gulf Bank has announced the 10 monthly winners of the AlDanah account draw for March 2024. The lucky winners who will be taking home a prize of KD 1,000 each, are: Hasan Mahmoud Sayed Qasem Sayed Mostafa; Hamad Ahmed Ayed Al-Rasheedi (Minor); Heyad Saud Abdulaziz AlZamel; Basma Abdulla Mohammed Sarkhouh; Ahmad Ali Ibrahim Al-Bahrani (Minor); Yousef Abdullateef Hussain Ali; Moahmmed Ali Mejbel Al-Ajeel; Emad Ali Ghuloum Askar Hasan; Waleed Mohamed Radiah; Ali Mohammad Jawad Al-Sarraf (Minor).
The deadline for depositing and participating in the semiannual AlDanah Millionaire’s draw is March 31, 2024. The draw is scheduled for July 18, 2024, with representatives from the Ministry of Commerce and Industry, and Ernst & Young in attendance. Gulf Bank announced the grand prize winner of the annual draw 595,000 to 124 million in 2023, marking the 13th straight annual fall, according to government data released Friday. The scale of the decrease was offset by an inflow of foreigners, the data showed, while
for the Al-Danah Millionaire account on February 1 2024, for the first time, following the increase in the prize’s value to KD 2 million in 2023. This is part of the bank’s continuous endeavors to reward its customers and foster a culture of savings within the community.
Renowned as one of the top savings accounts in Kuwait, the AlDanah account offers numerous benefits, including periodic draws with substantial prizes. Gulf Bank’s AlDanah account offers monthly opportunities to win KD 1,000 to ten lucky winners, in addition to two quarterly draws with KD 100,000 prizes each, a semi-annual draw prize of KD 1 million and a grand draw prize of KD 2 million.
Gulf Bank’s AlDanah account is the only account in Kuwait, that rewards customers for their loyalty by providing loyalty chances, and transfers their chances of winning from the previous year to the next year. In order to increase one’s chances of winning, customers must maintain a minimum of KD 200 in their accounts, or deposit continuously to increase their chances of winning. AlDanah account holders are eligible to win Gulf Bank’s upcoming monthly, quarterly, and annual Al-Danah draws.
Gulf Bank’s vision is to be the leading Kuwaiti Bank of the Future. The Bank is constantly engaging and empowering its employees as part of an inclusive and the population of Japanese nationals dropped by 837,000 to 121 million. The Japanese government has attempted to slow the decline and ageing of its population without meaningful success. — AFP diversified workplace in recognition of every employee’s role in delivering customer excellence and serving the community at large. With its extensive network of branches and innovative digital services, Gulf Bank is able to give its customers the choice of how and where to conduct their banking transactions, all while ensuring a simple and seamless banking experience.
Gulf Bank is committed to maintaining robust developments in sustainability at environmental, social and governance levels through diverse sustainability initiatives, strategically selected to benefit the Bank both internally and externally. Gulf Bank supports Kuwait Vision 2035 “New Kuwait” and works with various parties to achieve it.