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Understanding Income Satisfaction and Work Trends in Japan

In a constantly changing economic environment, the quest for higher income and better work-life balance has taken center stage. Wellbeings, a company dedicated to fostering diverse working styles through technology, recently conducted a thorough survey among 360 individuals aged 20 and over. The research primarily focused on current income satisfaction and potential avenues for earning more.

Survey Background

The survey comes at a time marked by inflation and economic strain, where discussions around financial insecurity are prevalent. The rise of side gigs and alternative employment is reshaping how individuals approach their careers and earnings. Given this context, Wellbeings aimed to gain insights into income perceptions and the steps people are considering to improve their financial situations.

Key Findings

Current Income Satisfaction

A striking 78% of respondents reported dissatisfaction with their current income, highlighting a widespread sentiment of financial unease. Furthermore, 83% felt the need to increase their earnings, indicative of a collective push towards seeking better income opportunities.

Methods for Income Increase

Among those looking for ways to boost their income, side jobs emerged as the most popular choice. Notably, a substantial portion of respondents (54%) expressed uncertainty, with comments reflecting a lack of action or clear direction. Other responses included suggestions related to 「point activities」 and budget management strategies.

Aspirations for Financial Growth

Around 20% of participants aspire to increase their annual income by over ¥500,000. This desire for significant financial enhancement reflects ambitious goals among the workforce. Moreover, more than 60% of respondents indicated an interest in diversifying their income streams through side jobs or freelance activities.

Barriers to Taking Action

Despite the high interest in side gigs, many respondents expressed concerns about time constraints, lack of skills, and insufficient information. Approximately 83% of interested individuals believe they require further knowledge and skills to pursue these opportunities effectively. Notably, they identified the need for educational resources and career development as critical components for success.

Survey Demographics
The survey included various profiles: 142 corporate employees, 67 part-time workers, 58 full-time homemakers, and others, highlighting a diverse cross-section of the labor market.

Additional Challenges to Overcome

When asked about their expectations from side jobs, respondents anticipated not only financial gain but also skill and career advancement. However, concerns related to time management, health, and tax implications emerged as significant barriers to entry into the side gig economy. Participants emphasized the importance of support from employers and families to balance work and personal commitments effectively.

Conclusion

The findings of this survey reveal a complex landscape regarding income and work preferences in Japan. As Wellbeings continues to promote alternative working methods and provide educational resources, it aims to facilitate connections between freelancers and businesses to foster growth and adaptability in the workforce.

Having launched in January 2022, Wellbeings remains committed to assisting individuals in navigating their professional paths through diverse offerings like online courses and career matching services.

For more information on how Wellbeings can help you achieve your career and income goals, visit their official website at Wellbeings.