14-05-2024, 10:48 AM
South Korea’s “kangaroo tribe” - unmarried men and women in their 30s and 40s who haven’t moved out of their parents’ homes - is causing concern among families.
Mr. and Mrs. A, who are in their 70s, live on a monthly pension of 2.2 million won. Their eldest son, nearing 40, has been unemployed for 20 years because he had trouble establishing relationships with other people. “When I was employed, my salary was enough for all of us, but retirement has reduced my income to a monthly pension of 2.2 million won,” said Mr. A. “We’re now facing a monthly deficit of 500,000 won, so I take money out of my retirement account to make up for the shortfall.”
Experts advise parents to set firmer boundaries with their children to prevent poverty in old age. “Kangaroos were rare back in the day when young adults were able to enter the workforce and live independently, but that is no longer the case,” said Jeon Young-soo, a professor at Hanyang University’s Graduate School of International Studies.
“While it is tempting to provide support for struggling children, the more parents offer help, the more dependent the children are likely to become, so parents should take a step back and let them find their way.”
https://www.chosun.com/english/national-...KQHBSA3HY/
Mr. and Mrs. A, who are in their 70s, live on a monthly pension of 2.2 million won. Their eldest son, nearing 40, has been unemployed for 20 years because he had trouble establishing relationships with other people. “When I was employed, my salary was enough for all of us, but retirement has reduced my income to a monthly pension of 2.2 million won,” said Mr. A. “We’re now facing a monthly deficit of 500,000 won, so I take money out of my retirement account to make up for the shortfall.”
Experts advise parents to set firmer boundaries with their children to prevent poverty in old age. “Kangaroos were rare back in the day when young adults were able to enter the workforce and live independently, but that is no longer the case,” said Jeon Young-soo, a professor at Hanyang University’s Graduate School of International Studies.
“While it is tempting to provide support for struggling children, the more parents offer help, the more dependent the children are likely to become, so parents should take a step back and let them find their way.”
https://www.chosun.com/english/national-...KQHBSA3HY/