More seniors working but still not earning enough: data
More elderly Koreans are working after retirement to avoid poverty, but many find their income insufficient, data showed Wednesday.
According to data released by Statistics Korea, 36.2 percent of those aged 65 or older in 2022 said they are still working, up 6.1 percentage points from 2012’s 30.1 percent.
The rate was above the Organization for Economic Cooperation and Development member nations’ average of 15 percent and the highest among the 36 OECD member countries.
Japan reported 25.1 percent, while Sweden reported 19.2 percent and the United States stood at 18 percent in 2021.
Most of the elderly still working after retirement seek to help cover living costs as inflation outpaces wage gains.
Some 54.6 percent of those who were working found their earnings insufficient. Among those unemployed, 65 percent of them said they did not have enough income.
Their poverty rate remains high among OECD members as many seniors have been forced to stay in low-pay jobs.
In 2020, the poverty rate among Korea's elderly stood at 40.4 percent, the highest among OECD member nations. Australia reported 22.6 percent, while the US reported 21.6 percent and New Zealand stood at 16.8 percent in 2020.
The relative poverty rate -- the percentage of people living with an income below 50 percent of the median income -- for those in that age bracket also came to 39.9 percent, down from last year’s 40.4 percent, according to the data.
Meanwhile, the data also showed that the total number of seniors surpassed 9 million for the first time in 2022 and is projected to rise rapidly.
Accounting for 18.4 percent of the country’s 51.5 million population this year, seniors are projected to make up 30.1 percent by 2035 and 46.4 percent in 2070.
(责任编辑:예술)
下一篇:Supporters of Israel hold rally in Seoul, urge Hamas to stop atrocities
- ·Court finds ban on leafleting into NK unconstitutional, ban on praise for NK constitutional
- ·[Herald Interview] Kim Jee
- ·[Herald Review] ‘Cobweb,’ a fresh, new wind in the Korean box office
- ·[Herald Interview] As a wanderer, Yoshitomo Nara does not confine himself to art
- ·Jakarta lights up in pink with SMTown Live 2023
- ·[view] 민심 더 싸늘해지는데…감동 없는 김기현 2기
- ·28th BIFF comes to an end
- ·28th BIFF comes to an end
- ·대통령실 “UAE 대통령 방한 순연”…이스라엘·하마스 충돌 영향
- ·[view] 민심 더 싸늘해지는데…감동 없는 김기현 2기
- ·“가자주민 삶 최악…한국지원 절실”
- ·LS Cable inks partnership for Vietnam submarine cable market
- ·'Basel Night' at Swiss Embassy in Seoul heralds Basel's cultural legacy
- ·Seoul subway workers vote for strike plan
- ·South Korean oil payments for Iran frozen again over Hamas links
- ·[view] 민심 더 싸늘해지는데…감동 없는 김기현 2기
- ·BOK wins lawsuit on face of Korea's 100 won coin
- ·LS Cable inks partnership for Vietnam submarine cable market
- ·KT & G to build new tobacco plant in Kazakhstan
- ·Hyundai Motor shows off air mobility, drone tech at Seoul defense fair
- ·혼전임신 직원에 "애비없는 애"…갑질 서기관 감싼 복지부 논란
- ·[Photo News] 2023 Sea Art Festival returns to Busan's Ilgwang Beach
- ·KT & G to build new tobacco plant in Kazakhstan
- ·One Store attracts W20b from Krafton
- ·[Herald Interview] Dyson engineer stresses potential of Korean hair care market