Surprise Me!

Q3 household income grew amid intensifying wealth polarization

2018-11-22 35 Dailymotion

3분기 가계소득 전년대비 소폭 늘었지만 소득격차 심화: 통계청<br /><br />Overall income of households here in the nation increased during the July-to-September period.<br />But closer look reveals the gap between the richest and poorest 20-percent of households continues to grow.<br />Kim Ji-yeon breaks down the digits for us. <br />Data released by Statistics Korea on Thursday shows the monthly average household income during the third quarter was around 42-hundred U.S. dollars-- a nominal increase of 4-point-6-percent from the same period last year, or a 3-percent rise when adjusted for inflation.<br />But the monthly income of households in the bottom 20-percent income bracket shrank by seven-percent on-year to less than 12-hundred dollars in Q3.<br /> In contrast, households in the top 20-percent income bracket saw their income rise by nearly nine-percent to around 86-hundred dollars on average... the eleventh consecutive quarter they have seen an on-year increase. <br />The distribution ratio for disposable income, which shows inequality between household income brackets, increased slightly from the previous quarter to reach 5-point-5-two in Q3... on par with the level recorded in 2007 and the highest level of income inequality for the third quarter since related data was first compiled in 2003.<br />The financial burden from tax, insurance, pension costs and interest payments on borrowings has also risen by more than 23-percent from the same period last year... the highest rate of on-year increase recorded so far<br /> to around 943 dollars a month on average in Q3.<br />These increased expenditures have meant that disposable income has only grown by a mere zero-point-three-percent from the same period last year to 33-hundred dollars in Q3.<br />Kim Ji-yeon, Arirang News. <br />

Buy Now on CodeCanyon