The scheduled age for mortgage repayment in Japan has risen to 73, which means that most people will continue to pay off their mortgage after retirement. You must know that retirement is the pension stage. At this time, the income is very small. If you continue to pay off the mortgage, the pressure will be great. And this number will also sound a warning to some young people. Maybe they will consider more issues when buying a house. It is even possible to not get married or buy a house, which is why Japan has strengthened youth marriage benefits. 1. Pressure of retirement life

The Japanese government plans to implement a new law starting in 2021 to extend the retirement age of national civil servants to 65 years old. Normal employees are probably between 60 and 70 years old. The age for mortgage repayment has now been raised to 73, which means that most people will continue to pay for their mortgages after retirement. When you get older, your income will decrease without wages and your life will become more stressful. Therefore, many Japanese companies have recently begun to consider extending the retirement age, and some employees have already been extended to 80 years old. In other words, those under the age of 80 can continue to work in the company. 2. Young people’s fears

Japan is considering improving marriage benefits for young people. As long as those who meet the conditions get married, they will receive a compensation. The reason for this phenomenon is that the birth rate has dropped. The main reason for the decline in the birth rate is that young people do not want to get married. After all, getting married means large amounts of consumption. After increasing the marriage benefits, the pressure on young people to get married has been alleviated. But now that the age limit for paying off mortgages has been raised, it has sounded the alarm for young people. I am afraid that they will also consider the issue of housing when planning to get married. Maybe someone will refuse to get married or buy a house because of this. 3. Mortgage pressure

The predetermined age to pay off a mortgage is average. In Japan, the predetermined age has been raised to 73 years old, which means that the pressure on ordinary young people is increasing. I may not even be able to buy a house after working hard all my life. In fact, this is not only true in Japan, but also in many countries. Housing prices are getting higher and higher, and the pressure on mortgage loans is increasing.