■ Host: Anchor Lee Jung-seop, Anchor Cho Ye-jin
■ Starring: Professor Seo Eun-sook, Department of Economics and Finance at Sangmyung University
* The text below may differ from the actual broadcast content, so please check the broadcast for more accurate information. Please specify [YTN News START] when quoting.
◇Anchor> Statistics show that the size of loans has increased significantly only for the elderly in a year.
◆Seo Eun-sook> I looked at the data by age group. I saw that people aged 60 or older account for 33% of the total loans. Next, 32.6% of the loans in their 50s and 60s exceeded about 730 trillion won, with the total amount of private business loans worth 1,125 trillion won, of which 65.6% is now. The size of loans by self-employed elderly people itself is also increasing.
So the balance of over-60s loans increased by 6.6% in about a year as of the end of December 2023. So, the average growth rate of the entire age group was only 0.2%, but compared to this, only those in their 60s increased their loans significantly. The top part of the self-employed loan is that a large portion of the elderly self-employed in their 60s have no income after retirement. We call this an income cliff, and it can be said that it is a debt that the elderly are owed because they are self-employed because they are doing business to prepare for this. We can interpret that the elderly's dependence on self-employed livelihoods is on the rise, and this has continued to slow consumption and high interest rates since the COVID-19 pandemic. As a result, it is the data that appears to have resulted in a very deteriorating financial stability of individuals.
Excerpted from
: Lee Sun Digital News Team Editor
#YRecord
※ 'Your report becomes news'
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■ Starring: Professor Seo Eun-sook, Department of Economics and Finance at Sangmyung University
* The text below may differ from the actual broadcast content, so please check the broadcast for more accurate information. Please specify [YTN News START] when quoting.
◇Anchor> Statistics show that the size of loans has increased significantly only for the elderly in a year.
◆Seo Eun-sook> I looked at the data by age group. I saw that people aged 60 or older account for 33% of the total loans. Next, 32.6% of the loans in their 50s and 60s exceeded about 730 trillion won, with the total amount of private business loans worth 1,125 trillion won, of which 65.6% is now. The size of loans by self-employed elderly people itself is also increasing.
So the balance of over-60s loans increased by 6.6% in about a year as of the end of December 2023. So, the average growth rate of the entire age group was only 0.2%, but compared to this, only those in their 60s increased their loans significantly. The top part of the self-employed loan is that a large portion of the elderly self-employed in their 60s have no income after retirement. We call this an income cliff, and it can be said that it is a debt that the elderly are owed because they are self-employed because they are doing business to prepare for this. We can interpret that the elderly's dependence on self-employed livelihoods is on the rise, and this has continued to slow consumption and high interest rates since the COVID-19 pandemic. As a result, it is the data that appears to have resulted in a very deteriorating financial stability of individuals.
Excerpted from
: Lee Sun Digital News Team Editor
#YRecord
※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr
[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]
