Thirty years old in the traditional cognition should be “the year of the establishment”, but in South Korea, in recent years, more and more unmarried young people in their thirties, or living with their parents, by The Korean society called “the old people.”
What causes the gnawing old family to grow?
The 36-year-old lives with her parents in the Chinese city of Gyeonggi Road, South Korea, and commutes nearly three hours a day from home to work at a company in Seoul.
Currently, his monthly salary is about 2.5 million won, or about 14,000 yuan, which is the average monthly income of his South Korean peers. But even so, it would take fifteen years for Xing xing to buy a one-person house in a convenient place for commuting, and it would take fifteen years to eat or drink, which made him reluctant to “self-reliance”.
South Korea’s Gyeonggi Dohua city resident Yu Xingxuan: Now work is too tired, since the outbreak of Seoul’s housing prices are becoming more and more expensive, want to rent a house near the company has become very stressful, for the time being has no plans to get married, and parents live together or relatively economical.
According to a recent survey released by the Korea Statistics Office, more than half of South Korea’s unmarried population aged 30-39 still live with their parents and rely on them for help.
The main reasons for this are the economic downturn in South Korea, the difficulty of the younger generation in buying a house, the difficulty of finding employment and the instability of income.
Since 2017, house prices in Seoul have been rising by as much as 45 per cent, but wages for young South Koreans are growing at a rate far short of those of house prices, the data show.
The sudden outbreak has added to South Korea’s altrual youth employment situation, with only about 40 percent of south Korean companies having recruitment plans this year. In addition, the polarization of the Korean job market is also increasing, according to statistics, the vast majority of young people in South Korea to work in small and medium-sized enterprises, and their average monthly income is less than half of the employees of large enterprises. Faced with soaring prices, the huge financial burden has forced young Koreans to choose to continue living with their parents.
Lee Bing-yan, a professor of sociology at Central University in South Korea, said: “South Korea has a lot of highly educated job seekers, but the jobs that meet their conditions are limited, and some people would rather be idle at home than “will be.” In the long run, these young people, who were meant to create value for society, will become a burden on society.
South Korea is now increasing employment subsidies for small and medium-sized enterprises, while attracting young people to employment while raising wages. Not only that, but at the end of last year South Korea launched a five-year plan to expand the supply of housing for young people, providing them with low-interest loans and other support to encourage them to leave their parents to live independently.