Nearly 90% of first-time couples in South Korea have loans, and Korean media: The number of marriages is decreasing as a whole

The State Statistics Department recently released data showing that nearly 90% of first-time couples who have been married for less than 5 years (hereinafter all of them) have loans.

According to Yonhap News Agency reported on the 12th, statistics show that 55.5% of couples have children. In addition, these couples have an average of 0.68 children, 0.03 fewer than last year. In terms of housing and income conditions, the average number of children of couples with property ownership (0.76) is higher than that of non-housing couples (0.62), and single-worker couples (0.76) are higher than dual-career couples (0.6).

In terms of property, 42.1% of couples have a house for at least one of the spouses. However, although the proportion of couples who own a house has decreased, the amount of loans has increased. According to statistics, 87.5% of couples have loans, and the median remaining loans payable are about 716,000 yuan. This could be attributed to rising house prices and rents.

Not only the number of children born, but also the number of newlyweds in South Korea itself is also decreasing. Last year, the total number of newlyweds in South Korea fell by 6.1% year-on-year to only 1.184 million pairs. Among them, the number of couples who have been married for less than 1 year decreased by 9.4%. According to Yonhap News Agency' analysis, the number of marriages in South Korea is decreasing overall. The objective situation of postponing marriage due to the epidemic has made the number of marriages worse.

Source: Global Times

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