Press Release
KIHASA publishes Issue & Focus, No. 399: Post-Covid-19 Income Changes among One-person Households
- Date 2021-04-06
- Hits 459
KIHASA on March 29th published Issue & Focus, No. 399, which discusses, based on the Household Income and Expenditure Survey by Statistics Korea, post-Covid-19 income changes among one-person households.
The current economic downturn is more devastating for “self-employed one-person households in their 40s and 50s,”
According to Kim Tae-Wan, director of the Inclusive Welfare Research Group at KIHASA, one-person households have increased over the years in Korea as the structure of the Korean family has undergone significant changes. He says that this research was undertaken to look into post-covid-19 income changes among one-person households, a group highly susceptible to changes in economic conditions. According to him, these households, mainly comprised of young people and older adults who tend to be unstable in their economic participation, have been hit hardest by covid-19. He adds that the current economic turmoil has been more devastating for one-person households in their 40s and 50s and that though it is timely and appropriate to target the fourth emergency relief at self-employed people as a whole, it should be done in a manner that there should be no blind spots in the selecting process.
|