A 50-year-old man in Japan lived on his old age for 25 years. Not only did his parents pay for his living expenses, but he also relied on his parents to pay for his Mercedes-Benz and Rolex. He once exclaimed, "As long as you have money, you can buy anything. Life is so exciting!" Unexpectedly, his 81-year-old mother passed away and his father was admitted to a nursing home due to severe dementia. Financial support was suddenly cut off. At this time, he checked his father's bankbook and found that there was less than 10 million yen (about NT$2 million) left in the deposit. If he continued to spend money at the past rate, it would be all gone in less than three years, which made him collapse and shout: "My life is over."
Japanese media reported that Kondo Yasuo (pseudonym) is a 50-year-old man. His father was a senior executive of a large company and his family was well off since he was a child. He was employed for a time after graduating from college, but due to interpersonal relationships in the workplace, he quit his job in his late 20s. After that, he had no fixed job for about a quarter of a century. He lived with his parents for a long time and relied on their pocket money to survive.
Kondo usually sleeps until noon before getting up. He will also ask his 80-year-old mother for tens of thousands of yen to pay for gasoline, meals and other expenses, including Mercedes-Benz car inspections, car insurance, mobile phone bills and audio-visual platform subscription fees, etc., which are also borne by his parents.
Not only did he drive his Mercedes to a coffee shop, he also took photos of the steering wheel and the Rolex in his hand and uploaded them to social networking sites, calling himself a "free investor." Faced with his parents' concerns about the future, he even claimed that instead of working for an annual salary of several million yen, it would be more efficient to hold on to his parents' assets.
The total monthly annuity of the parents is about 280,000 yen (approximately NT$56,000), most of which is used by the son for living expenses. In order to support his life, his parents have to spend nearly 200,000 yen (approximately NT$40,000) from their savings every month. Seeing their capital shrinking, the two elders lamented helplessly. They didn't know where they had taught their son wrongly, but they still couldn't bring themselves to stop financial aid.
It was not until his mother passed away at the age of 81 that the situation took a turn for the worse. Soon after, his father suffered from severe dementia and could no longer live at home. He had to live in a nursing home. All his father's annuity was used to pay for the institution's expenses. The pocket money that Kondo had relied on for many years suddenly disappeared.
He then checked his father's bankbook and found to his surprise that the deposit was less than 10 million yen. After my father retired at the age of 68, he has withdrawn approximately 2.4 million yen (approximately NT$480,000) every year for more than 13 years, and has used a total of more than 30 million yen (approximately NT$6 million). If Kondo continues to spend money at the same pace as in the past, the remaining savings may be exhausted in less than 3 years.
Now, in addition to his father's caregiving issues, Kondo, who is 50 years old and has not had a regular job for a long time, also has to face his own living expenses and future. The life he used to rely on his parents' assets collapsed overnight, and he could only hold his head and say: "My life is over."
The report reminded that living with parents is not a problem in itself, but if you lack financial independence for a long time, once your parents pass away, become disabled, or require long-term care, the financial risks that were originally covered up by your parents' assets may quickly surface.
