Fureai Kippu

DEFINITION of 'Fureai Kippu'

A complementary currency system for providing elder care in Japan. The system of fureai kippu, or "caring relationship tickets," allows individuals to earn credits by caring for a local elderly or handicapped person. They can redeem those credits toward care for a non-local elderly person, such as a parent who lives far away or themselves if they get sick. The tickets can also be saved and redeemed in the future.

BREAKING DOWN 'Fureai Kippu'

Fureai kippu are an example of a time-dollar system. Such systems solve social problems outside of the traditional economy and can be especially helpful to people who don't have much money and/or can't participate in the traditional workforce. Also, in countries where the government provides significant levels of social services through its authority to tax, time dollar systems can theoretically reduce the tax burden.

RELATED TERMS
  1. Sectoral Currency

    A medium of exchange that only has value in a limited marketplace. ...
  2. Elder Care

    Elder care, sometimes called elderly care, refers to services ...
  3. Elder Law

    Elder law is a legal specialty focusing on the rights and needs ...
  4. Financial Elder Abuse

    Financial elder abuse can take many forms including fraud or ...
  5. Elderly and Disabled Credit

    A non-refundable tax credit available for taxpayers who are aged ...
  6. Dependent Care Benefits

    Benefits provided by an employer to an employee for use in caring ...
Related Articles
  1. Financial Advisors

    Tips for Retiring Without Long Term Care Insurance

    Long term care insurance is as pricey as it is important. Here are tips for how to manage retirement and meet healthcare costs without a policy.
  2. Savings

    How to Protect Your Grandparents From Financial Predators

    What would you do if you realized that your elderly parent or grandparent was being abused financially by a family member or trusted caretaker?
  3. Financial Advisors

    How to Protect Elderly Clients from Predators

    Advisors dealing with older clients face a specific set of difficulties. Here's how to help protect them.
  4. Financial Advisors

    Estate Planning and Elderly and Passed Clients

    By keeping up with new estate tax rules, financial advisors can help elderly clients save big on tax costs.
  5. Insurance

    Tips For Retiring Without Long-Term Care Insurance

    Increasing costs and the uncertain future of social programs like Medicaid have made planning for long-term care difficult.
  6. Retirement

    Talking To Aging Parents About Money

    Addressing this difficult topic is crucial, but you must approach it with compassion.
  7. Your Clients

    Top Ways to Guard Against Financial Elder Abuse

    Financial elder abuse is rampant. Here are some steps that you and your family can take to help guard against financial scams that target older investors.
  8. Investing

    Advising FAs: Explaining Long-term Care Insurance to Clients

    As our life spans are extended, our family structures change and medical care improves, the need for long-term care (LTC) will continue to increase.
  9. What Long-Term Care Insurance Protects Against

    Because long-term care can be so expensive, not to mention labor-intensive, long-term care insurance exists to protect against exhausting your personal assets or burdening your loved ones. In ...
  10. Home & Auto

    Intro To Insurance: Long-Term Care Insurance

    By Cathy ParetoAs our lifespans are extended, our family structures change and medical care improves, the need for long-term care will continue to increase. A great number of people over 65 will ...
RELATED FAQS
  1. Does Medicare provide assistance for patients unable to perform Activities of Daily ...

    Find out how Medicare provides some benefits, both direct and indirect, for those who are unable to perform some of the activities ... Read Answer >>
  2. What is long-term care?

    Long-term care refers to a collection of services that are intended to meet the medical and non-medical needs of disabled ... Read Answer >>
  3. Will Medicare pay for long-term costs?

    Long-term care refers to a variety of care services (medical and non-medical) that helps meet the needs of people who have ... Read Answer >>
  4. What is the average annual dividend yield of companies in the chemicals sector?

    Discover how operations management theory is applied across a broad spectrum of operational and management issues in the ... Read Answer >>
  5. What is the difference between a capitalist system and a free market system?

    Learn about capitalist and free market systems, how these economic systems function and the main difference between capitalism ... Read Answer >>
  6. What role does the agency problem play in the modern Health Care industry?

    Read about the role of the principal-agent problem in the modern American health care industry, and learn why health insurance ... Read Answer >>
Hot Definitions
  1. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  2. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  3. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  4. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  5. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
  6. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
Trading Center