40% of adults don't have child due to 'financial instability': poll
Four out of 10 adults said unstable personal finance is the No.1 reason for not having a child./ Korea Times fileBy Kim Se-jeongFour out of 10 adults said financial instability was the No.1 reason for not planning to have a child, according to the Korea Institute for Health and Social Affairs, Friday.The local think tank surveyed 2,000 adults ― 1,029 married and 971 single ― between the ages of 19 and 49 years old, and found that 44.7 percent of unmarried people though their financial situation wasn't good enough to raise children. Among married people, 37.4 percent answered similarly.Beside finance, the responders mentioned the high cost of raising children and the lack of child-friendly housing. More than 10 percent in each group said they would remain childless because they simply preferred their freedom.The think tank's survey only served to confirm Korea's notoriously low ― already clearly documented ― birthrate.In 2018, there were 326,900 births in Korea, down 30,900 from the previous year, the lowest since 1970. The fertility rate, the average number of babies women of childbe
Apr 17, 2020By Kim Se-jeong