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Society

Japan's seniors trapped in mortgages, cannot pay off until age 73

Nikkei analysis shows growing number of elderly are falling into poverty

The office of the non-profit organization Mortgage Loan Problem Support Network in Tokyo, which has helped many elderly people who have struggled to pay off their loans.

TOKYO -- A growing number of elderly people are falling into poverty, unable to pay off their mortgages with their pensions and savings. Over the past 20 years, the age at which home loans are expected to be fully paid off has risen by five years to 73. Click here for a visual presentation about this increasingly serious trend.

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