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More S. Korean newlyweds take out loans but fewer newlyweds own homes

2020-12-10 15 Dailymotion

신혼부부, 맞벌이-대출 늘었지만 주택 소유는 하락<br /><br />Recent data suggests more newly married couples in South Korea have both partners working, and more are taking loans,... but fewer newlyweds are homeowners.<br />Of those who married in the past five years, the number having children is also falling.<br />Kim Sung-min reports.<br />More South Korean newlyweds are getting loans, but they are finding it more difficult to buy a house.<br />According to the Statistics Korea on Thursday, out of those who got married between 2015 and 2019, those who took out loans of between 90-thousand and 180-thousand U.S. dollars increased by 2-point-2 percentage points on-year in 2019.<br />Some 85-point-8 percent of the newlyweds held loans of any size,...up point-seven percentage points.<br />However, newlyweds' home ownership in 2019 dropped. 57.1 percent did not own a home in 2019, compared to 56.2 percent the year before.<br />And this comes despite the increase in newly married couples with dual incomes.<br />Almost half of the couples had both members working for a living,...an increase of 1-point-6 percent from the previous year.<br />Following lower home ownership and a higher percentage of dual income couples, the percentage of newlyweds who had children dropped by 2-point-3 percentage points,...to 57.5 percent.<br />Around 45 percent had one child while some 42 percent had none.<br />The study showed that couples where only one person works are more likely to have children, and those who own homes have more children.<br />With more dual income couples, the average household income for newlyweds jumped 3-point-7 percent,... to some 52-thousand dollars.<br />There were fewer newlyweds in 2019 compared to 2018,...reflecting an on-going downward trend in marriages.<br />Kim Sung-min, Arirang News<br />

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