SEOUL, June 23 (Korea Bizwire) — More than two thirds of South Koreans from the so-called MZ generation see income inequality as a social problem.
Accounting firm Deloitte Anjin LLC announced the results of a survey conducted by Deloitte Global with the participation of 22,928 millennials (born between 1983 and 1994) and Generation Z (born between 1995 and 2003) across 45 countries, including South Korea, on Tuesday.
According to the survey, 73 percent of millennials and 76 percent of Gen Zers in South Korea said wealth and income is being unfairly distributed, surpassing the world average (69 percent of millennials and 66 percent of Gen Zers).
South Korea’s MZ generation (45 percent of millennials, 44 percent of Gen Zers) pointed out legislation, regulations, and policies favoring the wealthy as a source of inequality.
In contrast, they tended to take a more conservative stance when it came to legislating policies and regulations on the redistribution of wealth as a means of addressing inequality.
A majority of young adults around the world agreed to legislation that closes the income gap between management and employees, imposing higher taxation on the wealthy, ensuring a minimum income as well as a minimum cost of living, while only 30 to 40 percent of South Koreans from the same generation agreed to such measures.
H. M. Kang (firstname.lastname@example.org)