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According to new government data, most Koreans will earn less than they spend -- or what is spent on them

by HyggePost Writer 2019. 1. 24.
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According to new government data, most Koreans will earn less than they spend -- or what is spent on them -- until the age of 29, effectively putting them "in the black." The biggest deficit occurred at 16, totalling 24.6 million won. Conversely, the largest surplus occurred at 43 and totalled slightly over 13 million won. Deficits resulted from medical and educational expenses which were found to be more dependent on family support, such as inheritance and gifts, rather than on welfare.  
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