[Editorial] ‘Education-poor’ families
Aug 28, 2012
People who are financially strapped because of their mortgages are commonly called “house poor.” Likewise, families that are poor due to heavy spending on their children’s education are called “education poor” in Korea. According to a recent survey, a large number of Korean households belong to this category. The survey, conducted by Hyundai Research Institute, defines the education poor as families that are indebted and unable to make ends meet but nevertheless spend more than average on their