Korean seniors spending less than peers in US, Japan: report
Social affairsOct 28, 2018
South Korean seniors are spending less compared with their contemporaries in the United States and Japan and struggling with a sharper drop in income, a parliamentary report showed Sunday.According to the 2019 and midterm economic forecast by the National Assembly Budget Office, the average propensity to consume by people over 60 stood at 67.2 percent in 2016. (Yonhap)This is significantly smaller than 88.6 percent for Japanese in the same age bracket and 104 percent for people over 65 in the US