According to a survey conducted in South Korea in 2021, around 57 percent of unemployed elderly people living in South Korea stated having pension and/or severance payment as a source of income. Support from family or welfare organizations were also common sources of income. Among those still employed, pensions and severance payments were the main source of income outside their work or business income.
Sources of financing living expenses among people aged 65 years and older in South Korea in 2021
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Employed
Unemployed
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Statistics Korea. (September 26, 2023). Sources of financing living expenses among people aged 65 years and older in South Korea in 2021 [Graph]. In Statista. Retrieved August 30, 2024, from https://www.statista.com/statistics/1485214/south-korea-income-sources-among-seniors/
Statistics Korea. "Sources of financing living expenses among people aged 65 years and older in South Korea in 2021." Chart. September 26, 2023. Statista. Accessed August 30, 2024. https://www.statista.com/statistics/1485214/south-korea-income-sources-among-seniors/
Statistics Korea. (2023). Sources of financing living expenses among people aged 65 years and older in South Korea in 2021. Statista. Statista Inc.. Accessed: August 30, 2024. https://www.statista.com/statistics/1485214/south-korea-income-sources-among-seniors/
Statistics Korea. "Sources of Financing Living Expenses among People Aged 65 Years and Older in South Korea in 2021." Statista, Statista Inc., 26 Sep 2023, https://www.statista.com/statistics/1485214/south-korea-income-sources-among-seniors/
Statistics Korea, Sources of financing living expenses among people aged 65 years and older in South Korea in 2021 Statista, https://www.statista.com/statistics/1485214/south-korea-income-sources-among-seniors/ (last visited August 30, 2024)
Sources of financing living expenses among people aged 65 years and older in South Korea in 2021 [Graph], Statistics Korea, September 26, 2023. [Online]. Available: https://www.statista.com/statistics/1485214/south-korea-income-sources-among-seniors/