More than 60% of freelancers who have savings for retirement use “stocks, investment trusts, etc. (NISA, etc.)” [GMO Creators Network] *GMO Internet Group*
Press release: August 5, 2024
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More than 60% of freelancers who have savings for retirement use “stocks, investment trusts, etc. (NISA, etc.)” [GMO Creators Network] *Investigated by “FREENANCE byGMO”, a money and insurance service for freelancers*
GMO Pepabo, Inc. (Representative Director and President: Sato), a member of the GMO Internet Group
GMO Creators Network, Inc. (President: Hiroto Isoshima), a
consolidated company of Kentaro)
GMO Creators Network (hereinafter referred to as GMO Creators Network) is Japan’s first (*1) financial support service specializing in freelancers, “FREENANCE
byGMO” (URL: https://freenance.net/
) conducted a survey on the theme of retirement funds. In response to the 2024 fiscal review to examine pension finances, we asked them about their thoughts on the national pension and how to save money for retirement.
(*1) Comparison of service start dates announced by four major domestic companies that provide online factoring services specialized for freelancers and sole proprietorships. In-house research conducted in May 2024.
* [Survey Summary] *
* ● About half are “uneasy” about the national pension system * *More than 60% of people who have savings for retirement use stocks, investment trusts, etc. (NISA, etc.)*
* ● About 3 out of 4 people do not think it is appropriate to extend the insurance premium payment period to 45 years *
* [Survey overview] *
* Survey theme* Survey regarding retirement funds for freelancers *Survey target* Users registered with “FREENANCE byGMO”
* Survey period* June 27, 2024 (Thursday) to July 7, 2024 (Sunday) *Number of valid responses* 563
* Survey method* Internet survey
*Research subject* “FREENANCE byGMO”
*Percentages in this research report are rounded to the second decimal place and may not add up to 100%.
*When citing the results of this survey in the media, please comply with the following.
・Please write “Researched by ‘FREENANCE byGMO'” in the credits. ・When quoting on the website, please use “FREENANCE byGMO” (URL: https://freenance.net/
) Please provide a link.
・If you would like to quote the results of this survey outside of the media, please contact “FREENANCE by GMO” (Email: pr@gmo-cn.jp).
* 【Investigation result】*
* ■Approximately half are “concerned” about the national pension system *
First, when we asked respondents about their thoughts on the National Pension System, which freelancers and self-employed individuals are enrolled in, 50.3% (50.3%) answered that they “feel anxious” or “somewhat anxious.”
When we asked those who answered “I feel anxious” or “somewhat anxious” about their specific reasons, 75.6% of them answered, “The pension amount that will be paid in the future will not be enough.” Other notable responses included “I’m worried about whether my pension finances will be sustainable” and “I don’t know what changes to the system will be made in the future.”
* ■More than 60% of people who have savings for retirement use “stocks, investment trusts, etc. (NISA, etc.)” *
Next, we asked about saving money for retirement. 21% of respondents answered that they have saved money for retirement. When we asked these people how much they currently have saved, assuming that the retirement funds they think they need is 100%, the most common answer was “31-50%” (25.4%). Even if people have money saved for
retirement, it is clear that many people have less than 50% of the amount they think they need.
Furthermore, when we asked those who answered that they had money saved for retirement how they saved it, 62.7% of them answered “Stocks, investment trusts, etc. (NISA, etc.),” followed by “Deposits and savings” and “Fixed savings.” This exceeded the contribution pension plan (iDeCo, etc.). It is assumed that attention to stocks and investment trusts is increasing, partly due to the influence of the “New NISA” that started in January 2024.
* ■Approximately 3 out of 4 people do not think it is appropriate to extend the insurance premium payment period to 45 years *
Currently, it is said that consideration is being given to extending the national pension premium payment period from 40 to 45 years. When asked whether they thought it was appropriate, 74.2% of them answered, “I don’t think it is appropriate,” or about 3 out of 4 people. Regarding this, we asked those who thought it was appropriate and those who did not think about the specific reasons.
* -I think it’s appropriate-*
・The average life expectancy has increased and the elderly these days are looking younger (in their 30s/occupation: designers, etc.) ・There is nothing we can do about it because finances are in such dire straits (60s/occupation: delivery/transportation)*
・* It is better to work while you can because the amount you receive will increase (30s/Occupation: Other)
* -I don’t think it’s appropriate-*
* ・* Even if the extension is extended, I feel that the amount returned will be low (50s/occupation: engineer)
・I feel that the payment period is still long. If it gets longer, it will only become harder to receive your pension (30s/occupation: writer)
*Wording of some answers has been adjusted to make it easier to read.
Among those who thought it was appropriate, the majority said that it was unavoidable, given the increase in average life expectancy in recent years. On the other hand, those who did not think it was appropriate expressed concerns about continuing to pay insurance premiums for a long period of time and doubts whether the amount paid was commensurate with the amount paid. Some also felt that there may be further extensions in the future.
* [Survey summary] *
In this survey, we found that about half of freelancers who do not have a welfare pension system or a retirement benefit system from the company they work for feel uneasy about the national pension system. Regarding the payment period for National Pension Insurance premiums, while many people felt that it would not be appropriate if it were extended to 45 years, there were also many who felt that it was appropriate in today’s super-aging society. Additionally, many people used stocks, investment trusts, etc. as a way to save money for retirement.
* [What is “FREENANCE by GMO”]*
This is a financial support service for freelancers provided by GMO Creators Network. You can use the factoring service “FREENANCE same day payment” which allows you to turn your invoices (accounts receivable) into cash immediately, and free freelance liability insurance that covers up to 50 million yen is included. In addition, since we carry out identity verification and anti-social checks at the time of member registration, we
ByGMO” membership can be used as proof of trust towards client companies, supporting freelance work styles.
* [About GMO Creators Network, Inc.] *
GMO Creators Network is a member of the GMO Internet Group, GMO Pepabo, Inc. (Representative Director and President: Sato)
Kentaro) is a consolidated company. In 2018, Japan’s first freelance specialized financial support service “FREENANCE” was launched. byGMO” and supports the success of individual creators through various measures and initiatives.
that’s all
* [Inquiries regarding services] *
●GMO Creators Network, Inc.
FINTECH Business Department Public Relations Officer
TEL: 03-5458-8056
E-mail: pr@gmo-cn.jp
* [GMO Creators Network, Inc.] (URL: * * https://www.gmo-cn.jp/*