The Japanese government in 1963 decided to recognize those citizens who turned 100 by providing them with a silver cup to commemorate the age based accomplishment. That year the government celebrated with 153 citizens. Today, Japan is tied for second in the world for the oldest average population and leads the world in centenarians. The result is too many centenarians for the government! The government has declared that they can no longer provide a commemorative gift to each centenarian. Why? In 2014, there were a whopping 29,537 people turning 100 in Japan! 100 is the new 50?
To read the article on CNN Money click here: http://money.cnn.com/2015/08/20/news/economy/japan-centenarians-gifts/
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