S. Korean households spent $2,370 a month last year: Statistics Korea
- 6 years ago
통계청, 작년 가구당 월평균 소비 255만7천원
Statistics Korea unveiled what the average Korean household spent per month.
Last year, the number stood at slighthly over 23-hundred dollars,... with transportation expenses taking up the lion's share.
Here's Park Hee-jun with a break down of the data.
South Korean households spent an average of roughly 2-thousand-370 U.S. dollars a month last year.
According to data released by Statistics Korea on Wednesday, single-person households spent an average of 1,270 dollars a month, while four-person households spent 3,500 dollars a month.
Families where the head of the household is in their 40s spent the most on average -- 2,930 dollars a month, followed by those with heads in their 50s. Households with heads in their 30s or younger spent 2,310 dollars a month on average, and those with heads in their 60's or older spent the least, spending just 1-thousand-670 dollars a month.
Transportation was the biggest expense, taking up 340 dollars a month, or 14-point-4 percent of the total average budget, followed by groceries and non-alcoholic beverages with 14-point-1 percent, or 330 dollars. Travel-related spending made up 13.9 percent of the spending, or 327 dollars a month.
Statistics Korea said annual or quarterly comparison data could not be provided due to changes in the evaluation system,... and that it will be released at a later date.
Park Hee-jun, Arirang News.
Statistics Korea unveiled what the average Korean household spent per month.
Last year, the number stood at slighthly over 23-hundred dollars,... with transportation expenses taking up the lion's share.
Here's Park Hee-jun with a break down of the data.
South Korean households spent an average of roughly 2-thousand-370 U.S. dollars a month last year.
According to data released by Statistics Korea on Wednesday, single-person households spent an average of 1,270 dollars a month, while four-person households spent 3,500 dollars a month.
Families where the head of the household is in their 40s spent the most on average -- 2,930 dollars a month, followed by those with heads in their 50s. Households with heads in their 30s or younger spent 2,310 dollars a month on average, and those with heads in their 60's or older spent the least, spending just 1-thousand-670 dollars a month.
Transportation was the biggest expense, taking up 340 dollars a month, or 14-point-4 percent of the total average budget, followed by groceries and non-alcoholic beverages with 14-point-1 percent, or 330 dollars. Travel-related spending made up 13.9 percent of the spending, or 327 dollars a month.
Statistics Korea said annual or quarterly comparison data could not be provided due to changes in the evaluation system,... and that it will be released at a later date.
Park Hee-jun, Arirang News.