South Korea: income affects senior households’ spending more than assets

Income has a greater impact than assets on consumption by South Korean households comprised of seniors, a parliamentary report said Tuesday. A 1 percent increase in elderly households’ earned income made their consumption expenditure go up 0.09 percent between 2006-2016, according to the report by the National Assembly Budget Office. In contrast, elderly households’ spending […]

7 March , 2019Comments Off on South Korea: income affects senior households’ spending more than assetsRead More