South Korea faces a record-low birth rate due to the YOLO generation prioritizing lifestyle choices over parenthood.

South Korea faces a record-low birth rate due to younger generations prioritizing consumerism and immediate gratification over parenthood. Despite government incentives, the 'YOLO' generation focuses on lifestyle choices, leading to a demographic crisis. South Korea plans to create a new ministry to address this issue, but efforts to incentivize starting families have not resonated with this generation, who face financial hardships, job insecurity, and high education costs.

August 27, 2024
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