4 in 10 Young Couples Have No Kids

  • By Kim Ji-seop

    December 12, 2018 12:53

    Four out of 10 couples in Korea who have been married less than five years have no children, rising even higher among double-income couples.

    According to Statistics Korea on Tuesday, 37.5 percent of 1.1 million couples who were married less than five years had no children as of 2017, up 1.2 percentage points from 2016.

    Among double-income couples the proportion was 43.3 percent, compared to 32 percent where only one partner was the breadwinner.

    But couples do eventually decide to have kids. Among newlyweds, 78.9 percent had no kids, but among couples who had been married five years the proportion was only 14.9 percent.

    Meanwhile, the average annual salary of double-income couples stood at W72 million compared to W42 million for single-income couples (US$1=W1,131). A whopping 83.3 percent of newlyweds had debts, while the average debt was W87.8 million, surging 12.9 percent compared to 2016.

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