Single-person households in South Korea cut spending due to rising costs, impacting economic recovery.

The Bank of Korea reports that single-person households in South Korea, which now make up 35.5% of all households, have cut their spending due to rising housing costs and unstable jobs. This trend, driven by delayed marriages and an aging population, has led to a significant decline in consumption, impacting the country's economic recovery. The BOK calls for targeted policies to support these households.

4 months ago
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