The middle-aged are the most satisfied with their income out of any age group, while young adults (19 to 29) are most content with their consumer life, according to 2017 figures on South Korean social trends from Statistics Korea. (Image: Yonhap)
SEOUL, April 2 (Korea Bizwire) — The middle-aged are the most satisfied with their income out of any age group, while young adults (19 to 29) are most content with their consumer life, according to 2017 figures on South Korean social trends from Statistics Korea.
On the whole, income dissatisfaction was more prevalent than the opposite mindset, as 46 percent were displeased with their income, nearly three times the 13.3 percent who expressed satisfaction.
Despite the wide disparity in income satisfaction, the 2017 figures represent improvement from two years ago; in 2015, 11.4 percent were satisfied while 46.3 percent were not.
By age group, those between 40 and 49 years of age had the highest percentage of income satisfied individuals (16.8 percent), while individuals 60-years-old and above had the fewest (9.2 percent). Over half of the latter group were found to be dissatisfied with their income (52.7 percent), over ten percentage points higher than the average of all the other age groups (40 percent).
Elderly dissatisfaction exceeded all other groups when it came to satisfaction with consumer life. (Image: Yonhap)
Elderly dissatisfaction exceeded all other groups when it came to satisfaction with consumer life as well. Young adults were closely followed by the 40s and 30s groups on the list of most satisfied. On the other hand, not only did the 60 and above group have the lowest percentage of satisfied individuals (10.7 percent), but the percentage of those dissatisfied with their consumer life was higher (43.1 percent) than the average of all other age groups (30 percent).
S.B.W. (sbw266@koreabizwire.com)
