About Half of Households in Korea Are Dual-Income

      June 26, 2014 13:09

      More than 40 percent of households with adults in their 40s and 50s are now dual income, according to Statistics Korea on Wednesday. Nearly 5.05 million out of 11.78 million households were two-income families last October, accounting for 43 percent of the total.

      Dual-income households accounted for 50.8 percent of families with adults in their 40s and 49.9 percent among those in their 50s. The figure was lower among those in their 30s with 40.6 percent and 20s with 37.4 percent.

      "Many women have to stop working in their 20s or 30s to care for children after their marriage but they re-enter the workplace in their 40s to help cover living costs, mainly to pay for children's education." About 29 percent of households with adults in their 60s reported two incomes.

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