Koreans are poorly prepared for their retirement, yet another survey confirms. In a survey of 1,035 adults nationwide in June by the Ministry of Health and Welfare, respondents scored a mere 55.2 points out of 100 in terms of how well prepared they are financially for their retirement.
The survey evaluated respondents on matters like social relationships, health, recreational activities, and income and assets. The score was lowest in the last category with 40.5 points, followed by recreational activities with 48.1 points. They were better prepared in terms of social relationships (63.9 points) and health (68.2 points).
By age, those in their 30s earned 52.9 points, those in their 40s 55.3 points, those in their 50s 57 points, and those in their 60s 53.1 points.