Japanese man faces financial collapse after 25 years living off his parents

For 25 years, a 50-year-old Japanese man relied on his parents to pay for his life, including a Mercedes, a Rolex and everyday expenses. When that support suddenly disappeared, he checked his father’s bankbook and realized the money could run out within three years.

The man, identified by the Japanese media under the pseudonym Yasuo Kondo, came from a wealthy family. His father had been a senior executive at a major company. After graduating from university, Kondo briefly held a job, but left in his late 20s because of workplace relationships. He then spent roughly a quarter-century without regular employment, living with his parents and relying on their allowance.

He reportedly slept until noon and asked his mother, who was in her 80s, for tens of thousands of yen to cover petrol and meals. His parents also paid for the Mercedes’ vehicle inspection, car insurance, mobile phone bill and streaming subscriptions. Kondo posted photographs of the Mercedes steering wheel and his Rolex on social media, presenting himself as a “free investor.” He reportedly told his worried parents that protecting their assets was more efficient than working for an annual salary of several million yen.

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As long as you have money, you can buy anything. Life is great!

The parents received a combined monthly pension of about 280,000 yen, most of which went toward their son’s living expenses. They also withdrew nearly 200,000 yen a month from their savings to support him. They reportedly worried that they had raised him wrongly but could not bring themselves to cut off the money.

After his 81-year-old mother died, Kondo’s father developed severe dementia and moved into a care facility. His pension was then used entirely for care costs, ending the allowance Kondo had depended on. Kondo discovered that less than 10 million yen remained in savings. His father had withdrawn about 2.4 million yen a year for more than 13 years after retiring at 68, using more than 30 million yen in total. The report said Kondo now must confront both his father’s care and his own living costs, prompting him to say, “My life is over.”

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My life is over.