[Gennaio 04, KOREA WAVE]The average age at which middle-aged and seniors aged 50 and over perceive themselves as “old” in South Korea is 69.4, according to the results of a survey conducted by the National Pension Research Institute. . This is 4.4 years above the standard age of 65 for various welfare systems for older people, such as the basic pension.
Subjectively, 62% of respondents said that old age begins when they “feel low on energy”, while 21.2% answered “after the interruption of work activities”. The lower the educational experience and the unemployed, the higher the percentage of people who recognized 60 as old age.
As for the minimum expenses necessary for retirement, the couple replied 1,987,000 won (about 200,000 yen) and the single replied 1,243,000 won (about 127,700 yen). Adequate living expenses for a standard living were 2.77 million won (about 284,714 yen) for couples and 1.773 million won (about 182,237 yen) for individuals.
(c) NEWSIS/KOREA WAVE/AFPBB News
