Why Korean 30s & 40s Are Studying Economics: Facing Korea's Tough Economic Reality
Recently, my most-watched YouTube category has become Economy & Personal Finance . I started watching to get an objective view of where the South Korean economy is heading and to build healthy financial habits for my own future. When you look closely at modern South Korea, the socio-economic reality for the younger generation is far tougher than many realize. 1. The Rise of the "Kangaroo Tribe" & Giving Up on Life Milestones In the past, getting a job in your early 20s and buying a home in your early 30s was the standard path. Today, entering the full-time workforce is often delayed until one's early 30s, and many remain single well into their 40s. More and more adults in their 30s and 40s live as part of the "Kangaroo Tribe" (캥거루족) —adult children continuing to live with and rely financially on their parents. 💡 Key Drivers Behind Delayed Milestones Skyrocketing Housing Costs: Real estate prices in major cities have outpaced wage growth, makin...