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Single-member families to reach 40 pct in 2050: report

All News 11:53 January 08, 2017

SEOUL, Jan. 8 (Yonhap) -- Nearly 4 out of 10 South Korean families will be single-member households in 2050 due to the rapidly aging population and sharp declines in marriages, a local report said Sunday.

In a report based on Statistics Korea's demographics data, the Korea Land and Geospatial Informatix Corp. (LX) said 35 percent of the country's households will be led by single members in 2050.

LX projected the South Korean population will plunge to 47.63 million in 2050 after reaching a peak of 52.21 million in 2030. During the same period, the number of single and two-member households are forecast to fall to 22.09 million from 22.34 million.

In 2050, the number of houses will continue to rise to 29.98 million in 2050 as couples give birth to fewer babies and younger adults opt not to marry because of economic difficulties, the report said.

This undated captured image from Yonhap News TV shows elderly South Koreans talking to each other, as well as babies resting at a hospital, in a report on the country's decreasing population and side effects. (Yonhap)


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