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1 in 4 born in early 1970s financially supports parents and children: survey

Koreans born in the early 1970s bear a “triple burden,” juggling financial support for their parents and children while worrying about their own retirement, a survey revealed Thursday. Among those born between 1970 and 1974, seven out of 10 financially support their children, and four out of 10 support their own parents or those of their spouses. One in four supports both generations, spending an average of 1.55 million won ($1,114) per month. They allocate 1.07 million won ($768.

Publicado el: 2024-11-28 05:15:54
Autor: Shin Ji-hye, Fuente: The Korea Herald

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