Elderly Koreans Now Outnumber Young People

      July 07, 2021 13:28

      There are now more Koreans over 60 than in their 20s and 30s as society ages rapidly and fewer and fewer children are born.

      According to the Ministry of the Interior and Safety on Tuesday, the population of over-60s stood at 7 million at the end of June, up 44,013 on-month and taking up 13.55 percent of the total population.

      But there are only 6.75 million Koreans in their 20s who make up 13.05 percent of the population and 6.78 million in their 30s or 13.11 percent. The biggest proportion of 8.59 million or 16.62 percent are in their 50s and also rapidly approaching old age.

      The total registered population stood at 51.67 million, down 0.06 percent or 33,505 from as recently as March. The population has been dwindling since last year.

      The average age of the population has therefore risen to 43.4 years, climbing by 6.4 years since 2008. But the number of households increased to 23.26 million because there are many more singles, which bodes even worse for procreation, multiplying by a whopping 98,947 from the first quarter.

      Singles now make up a staggering 39.7 percent of all households, and the proportion of single- and two-person households combined soared to a whopping 63.4 percent.

      A survey published earlier this week suggests that fully one-third of the population are celibate.

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