#Japan #Tokyo #Fukoku Life #47Life #Allowance Survey

Insights on Elementary Students' Allowances in Japan

In a recent survey conducted by Fukoku Life, through their financial information media, 47Life, they explored the topic of children's allowances across Japan. Leveraging data from respondents aged 20s to 50s in all 47 prefectures, this research sheds light on the average allowance given to elementary students.

Survey Breakdown

The survey posed two primary questions:
1. Do you give an allowance to your elementary-aged child?
2. How much do you provide as an allowance each month? (Respondents were asked to indicate the most common amount for multiple children.)

Highlights from the Allowance Ranking

Here are the top ten prefectures where elementary students receive the highest average allowance:
1. Fukuoka - ¥1,618
2. Ibaraki - ¥1,594
3. Akita - ¥1,571
3. Saitama - ¥1,571
5. Miyazaki - ¥1,538
6. Kochi - ¥1,509
7. Hokkaido - ¥1,508
8. Fukushima - ¥1,490
9. Tokushima - ¥1,476
10. Aomori - ¥1,460

The average allowance across all prefectures stood at ¥1,317, landing between Nagasaki (rank 25) and Tottori (rank 26).
Interestingly, the majority of respondents reported that their child's allowance fell between ¥500 and ¥1,000, indicating commonalities in childhood financial management.

Prefectures Where Allowances are Most Common

The survey also highlighted the prefectures with the highest rates of parents providing allowances to their children:

• - Tokyo: 53%
• - Hyogo: 43%
• - Osaka: 43%

This information showcases a clear trend that allowances are significantly more prevalent in urban areas.

Further Insights from 47Life

The editorial team at 47Life notes that the results reveal the diverse financial practices among families across Japan. It is vital for parents to consider how allowance impacts children's financial literacy and responsible spending habits.

In sharing these insights, 47Life aims to provide valuable discussions among families and friends regarding financial literacy for children. Their continued commitment is to ensure that practical and relevant financial information helps enhance the quality of life for readers.

For those interested in a more in-depth view of the survey, additional details and the full article can be accessed directly on the 47Life website.

About 47Life

47Life is a media outlet powered by Fukoku Life, focused on bringing essential financial information to the public. The name reflects the initiative's commitment to covering all 47 prefectures, emphasizing local financial practices. Whether it's for significant life events such as employment, marriage, or retirement, 47Life provides residents with the needed resources and insights.

Fukoku Life

Celebrating its 100th anniversary in 2023, Fukoku Life is an insurance company that prioritizes mutual support and community connection. With a commitment to customer-centric values, they strive to deliver services that inspire confidence and reassurance among their clients.

Through this ongoing series of articles and surveys, Fukoku Life hopes to enhance the financial literacy of families across Japan, fostering a future where informed financial decisions become foundational to their lives.