Elderly poverty rate ``worsening''... ``highest level'' in OECD = South Korea

It has been revealed that South Korea's elderly poverty rate, which had been improving, has worsened again. On the 11th, according to household financial welfare survey materials from the South Korean Ministry of Health and Welfare (Ministry) and Statistics Korea, the disposable income in 2022
The relative poverty rate for the elderly (age 65 and older) population (elderly poverty rate) was 38.1%. "Disposable income" is the income that an individual can freely dispose of, excluding taxes, etc. from personal income.
Say something. South Korea has increased by 0.5% this time (2022) from 37.6% in 2021. In terms of gender, 31.2% of men and 43.4% of women are poor, indicating that women are more likely to be poor.
Understood. Until now, South Korea's elderly poverty rate has continued to decline, reaching 43.6% in 2016, 42.3% in 2017, 42.0% in 2018, and 41.4% in 2019. After that 20
In 2020, it fell to 39.8% for the first time in the 30% range, and in 2021 it fell further to 37.6%, but this time it rose slightly to 38.1%.
South Korea's elderly poverty rate has gradually eased since 2011, but it remains one of the highest in the OECD (Organization for Economic Co-operation and Development).
This is a high standard. OECD's Pensions at a Glance 2023
2023), the income of South Korea's elderly population (66 years and older) as of 2020.
The poverty rate was 40.4%, nearly three times higher than the average for OECD countries (14.2%). Among the OECD member countries, South Korea is the only country where the income poverty rate for the elderly has reached the 40% range.
After South Korea, Estonia (34.6%) and Latvia (32.2%) had the next highest rates in the 30% range, while Japan (20.2%) and the United States (22.8%) were only half the level of South Korea.