Half of young people struggling financially: Seoul Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
Nearly half of the youth population residing in Seoul now lives in poverty, with many seeking financial support from their parents, according to a new study released by the Seoul Metropolitan Government and Seoul Institute on Wednesday. According to the 2022 Seoul Young Adult Panel Study, 55.6 percent of the youth population in Seoul faced asset poverty, meaning that they lack sufficient liquid assets to cover their .