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Lower Income Households Spend Half of Disposable Income on Food

Lower Income Households Spend Half of Disposable Income on Food

SEOUL, June 8 (Korea Bizwire) — Households in the lower income tier are spending a significant share of their income on food, including groceries and dining out, data showed Tuesday. The Ministry of Economy and Finance and Statistics Korea said that 42.2 percent of the average disposable income (847,039 won) earned by households in the [...]