Elderly household debt South Korea 2015-2023

Published by L. Yoon, Nov 6, 2024

In 2023, households with a head of household aged 65 and above in South Korea had an average debt of about 52 million South Korean won, up from about 49 million in the previous year. Elderly household debt in South Korea has increased in recent years.

Value of debt of elderly households in South Korea from 2015 to 2023 (in million South Korean won)

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Release date

September 2024

Region

South Korea

Survey time period

2015 to 2023

Special properties

households whose heads of households were aged 65 years and above

Supplementary notes

1,000 South Korean won equals 0.73 U.S. dollars or 0.67 euro as of November 2024. 

Figures have been rounded.

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