Income gaps among people aged 25 to 34 have widened, as evidenced by the rise of the Gini coefficient for that age group, according to a Cabinet Office report on the Japanese economy for 2021-2022.
The report, which mainly analyzed economic conditions in Japan and was released Monday, noted that "increasing the incomes of the people who will likely marry and raise children is important as a measure to cope with the tendency of people to marry later and the declining number of children."
The Gini coefficient is an index that represents income inequality using numerals from zero to one. The larger the income gaps, the closer the index is to one.
