Many people stay single these days. There’s nothing new about it. Then how many people exactly?
One out of three will be staying single in Korea by 2035.
“The single’s economy” was a theme of a session in 2007 at the Davos Forum in Switzerland.
The highly educated and rich singles in their 20-30s in the Western world were the powerhouse of spending and trend-setting, according to the Forum.
Korea is not far behind. In 2011, a single household spent 950,000 won per person. A two-person household spent 730,000 won per person.
The trend is also supported by the increase in single-life-oriented purchases.
The popularity in spending attests to changing tastes as well.
These include food, beauty products, hairdo services, and officetel, a small apartment equipped for single life with built-in home appliances.