06 July 2012, data from recent income surveys showed the average household income dropped to a 25 year low, and a record 62% of people say their lives are financially “difficult”.

The Health, Labor and Welfare Ministry of Japan released the  data. Officials say average income in Japan peaked in 1994, at about $83,000 USD, but has been falling ever since then.

In 2010, the average income dropped to $67,300 USD per year.