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The savings-rich elderly spend about 9.7 trillion yen ($87 billion) a year on their offspring
Cashed-Up Grannies Splurging on Grandkids Boost Japan’s Economy
published Jun 13, 2018 3:00:00 PM, by Yuko Takeo (Bloomberg) — Mikayo Taguchi loves splurging on her grandkids and children, whether for clothes or sporting goods or family outings. In Japan, that generosity matters — boosting demand by tens of billions of dollars each year. “Those who are grandmothers and