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Low-income Tier Spends Half of Disposable Income on Food amid Soaring Consumer Prices

Low-income Tier Spends Half of Disposable Income on Food amid Soaring Consumer Prices

SEOUL, Nov. 22 (Korea Bizwire) — The lower income tier spent more than half of its disposable income on food in the third quarter of this year, with consumers directly exposed to surging prices, the statistics agency said Monday. Statistics Korea’s Household Income and Expenditure Survey showed that households located in the lower 20 percent [...]