More older Koreans cover own living costs as support from children declines

More older Koreans are taking on jobs to cover their living costs as they receive less financial support from their children. This shift reflects changing family dynamics, where adult children are increasingly independent and may not be in a position to provide regular financial assistance. The trend is significant for the economy, as it highlights the need for social support systems to cater to an aging population.

Why it matters

Many older Koreans are having to cover their own living costs as support from their children declines. This is due to various factors, including changing social norms and economic pressures.

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