SEOUL, March 28 (Korea Bizwire) — Working South Koreans self-assess their lifetime accumulated fortune to amount to about 800 million won, 3.2 billion won short of the 4 billion won baseline to be considered rich.
While those in their 20s and 30s thought 4.01 billion won was the cutoff, 40-somethings drew the line for being rich at 4.32 billion won.
The average of all answers amounted to 4.09 billion won. The responses were collected via a survey of 708 male and female workers conducted by job recruitment service Jobkorea.
The younger survey participants held a less optimistic view of how much money they would save up in their lifetime. Individuals in their 20s, their 30s and their 40s responded they could save up 670 million won, 830 million won and 1.06 billion won, respectively.
A large majority (82.3 percent) said they had set a goal for how much to save this year, and the average target amount was 9.67 million won.
Of the 52.7 percent of participants who said they had made investments using their personal money, 68.7 percent were found to prioritize stability, and 31.3 percent were investing more aggressively.