A recent opinion gathering survey by online job platform Saramin has revealed 36.7 percent of 1,274 employed individuals consider themselves to be financially and psychologically dependent on their parents. (Image: Yonhap)
SEOUL, March 2 (Korea Bizwire) – A recent opinion gathering survey by online job platform Saramin has revealed 36.7 percent of 1,274 employed individuals consider themselves to be financially and psychologically dependent on their parents.
The most commonly given answers to the question of why they were unable to become financially self-sufficient were inadequate wages, to build a nest egg, excessive personal expenditures, personal debts and to live a life without want.
With 69.9 percent of all responses, “living quarters” was the form of financial assistance most frequently identified. Others were living expenses, insurance payments and housing rent.
Among those receiving financial assistance, 78.8 percent were living with their parents; 60.8 percent of these said the reason for doing so was because they could not afford a home of their own.
On average, the amount of financial assistance was 300,000 won per month.
On average, the amount of financial assistance was 300,000 won per month. (Image: Yonhap)
Response to these results have been mixed. While some have pointed out that leaning on one’s parents for help is a practical solution when housing prices are exorbitant, others have made the case that doing so is a symptom of character flaws.
Online comments such as “saving while living with your parents is the only time you’ll be able to do it” and “why would you go out and end up paying money to strangers that you can give to your parents” clashed with more negative statements such as “people nowadays are so risk-averse and don’t have the fortitude to take on challenges.”
Lina Jang (linajang@koreabizwire.com)
