[Graphic News] Over 80% of people filing bankruptcy in Seoul in their 50s and older
Social affairsMay 13, 2024
More than 8 out of 10 people who filed for bankruptcy in Seoul last year were in their 50s and older, with many of them found to be male and people living alone, data showed. Of the 1,361 valid applications filed with the Seoul Financial Welfare Counseling Center last year, 86 percent were from those in their 50s or older, and 83.5 percent were recipients of basic living allowances from the government, according to survey results from the center. Of them, 64.4 percent were male, while single-p