Most Married Women Eye Financial Aid for Children Until College Graduation: Poll | Be Korea-savvy

Most Married Women Eye Financial Aid for Children Until College Graduation: Poll


According to the survey of 11,205 married women, 59.2 percent of the respondents said they think it appropriate to financially support their children until college graduation. (image: Korea Bizwire)

According to the survey of 11,205 married women, 59.2 percent of the respondents said they think it appropriate to financially support their children until college graduation. (image: Korea Bizwire)

SEOUL, Mar. 22 (Korea Bizwire)Nearly six in 10 married women in South Korea think they should provide financial support for their offspring until graduation from college, a poll showed Friday.

According to the survey of 11,205 married women, 59.2 percent of the respondents said they think it appropriate to financially support their children until college graduation.

The state-run Korea Institute for Health and Social Affairs carried out the survey on women aged 15 to 49 last year.

Another 17.4 percent replied they should give financial help to sons and daughters until they find jobs; 14.7 percent, until they graduate from high school; and 7.1 percent, until they get married.

According to the same survey taken three years ago, 62.4 percent of the respondents replied they should provide financial help for their children until their graduation from college.

The latest findings also showed the average monthly child support expense came to 733,000 won (about US$650) for households with one child last year, 1.37 million won for two-child families and 1.62 million won for three-kid homes.

Spending on education accounted for about 49 percent of the total for households with two to three children and nearly 36 percent for one-child families.

South Korean parents are known for enthusiasm about children’s education, which is widely seen as the key to success in the competitive society.

(Yonhap)

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