Nearly half of young workers feel pinch of debt
SEOUL, Dec. 7 (Yonhap) -- About half of South Korea's young workers are feeling the pressure of debt that is making it hard for them to spend, a private survey showed Thursday.
According to the survey by Shinhan Bank, which referenced its customer data, 47 percent of young employees, who have a career of three years or less, are indebted.
Their average outstanding balance stood at 29.59 million won (US$27,472).
Student loans accounted for 21 percent of their debt. Home mortgages and credit loans made up 8 percent each.
Young people spend an average 610,000 won per month to repay debts, the survey showed.
According to the survey, 84 percent of young employees said they could change jobs if their salary was raised by about 30 percent.
(END)
-
(Yonhap Interview) Fintech startup AIM aims to bring professional wealth services to ordinary investors
-
N.K. leader declares victory in fight against COVID-19: state media
-
N. Korea appears to release border dam water without prior notice: official
-
Yoon hails launch of country's 1st lunar orbiter
-
7 dead, 6 missing in heaviest rainfall in 80 years
-
(Yonhap Interview) Fintech startup AIM aims to bring professional wealth services to ordinary investors
-
7 dead, 6 missing in heaviest rainfall in 80 years
-
(5th LD) 8 dead, 7 missing in record rainfall in Seoul, surrounding areas
-
N. Korea appears to release border dam water without prior notice: official
-
(LEAD) 7 dead, 6 missing in heaviest rainfall in 80 years
-
N.K. leader declares victory in fight against COVID-19: state media
-
Seoul to build deep underground rainwater tunnels in 6 flood-prone areas
-
(2nd LD) Unification ministry expresses regret over 'groundless claims' on origin of its COVID-19 outbreak
-
(3rd LD) THAAD issue not subject to negotiation: presidential office
-
(LEAD) THAAD issue not subject to negotiation: presidential office