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Majority of seniors suffer from multidimensional poverty

All News 13:42 January 25, 2016

Seoul, Jan. 25 (Yonhap) -- Seven out of 10 senior citizens in South Korea are suffering from deprivation in two or more areas, a report showed Monday.

According to the report by the Korea Institute for Health and Social Affairs, some 67 percent of South Koreans aged 65 and older suffered from income poverty and other deprivations as of 2013, down 5.8 percentage points from 2011.

The report, based on a survey of 2,889 people aged 65 and older across the country, measured poverty in seven categories: income, assets, residence, health, labor, social participation and social security net.

According to the findings, the rates in all seven categories went down in 2013 from two years ago.

The rate of income poverty among seniors was 52.8 percent as of 2013. Income poverty refers to a household whose income is less than 50 percent of the median income of all households.

The rate for labor poverty was 27.4 percent while 47.2 percent were in social participation poverty. The social security net poverty rate was 8.2 percent.

Meanwhile, 17.4 percent of the people who suffered from poverty in multiple areas in 2011 were able to move into the non-poverty group in 2013. In other words, 82.6 percent remained in the multi-poverty group.

Of the people in the non-poverty group in 2011, 39.1 percent fell into the poverty group for the first time in 2013 while 60.9 percent maintained the status of "not poor."

The report said the relationship among the seven poverty categories was low except for that between income and residence.

It said the impact of one area to other factors is low and that simply offering income support cannot resolve the various types of poverty.
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