[Graphic News] Debt among those in 20s, 30s jumps most during pandemic
Social affairsMay 24, 2023
Debt among those in their 20s and 30s jumped more than 27 percent over the past three years since the COVID-19 pandemic hit, indicating they suffered financial difficulties due to rising home prices and an economic slowdown, central bank data showed. In the fourth quarter of 2022, overall loans extended to those in the age bracket soared 27.4 percent to 514.5 trillion won ($384 billion) from 404 trillion won in the fourth quarter of 2019, according to a report submitted by the Bank of Korea to t