Our household finances, which have become tight due to inflation, are shown by statistics. It is confirmed who is most affected by the high cost of living. Due to the soaring prices, the elderly and tenants in their 30s and young tenants suffered the most in South Korea. According to the Bank of Korea's analysis, after 2019, the skyrocketing prices and increased interest rates have affected different age groups and types of housing. If you look at the graph, as you move to the upper right, where prices and interest rates are high, it indicates the groups that benefit, while as you move to the lower left, it represents the groups that suffer losses due to high prices and interest rates. Just at a glance, there is no significant group that only benefits, yet.

If we were to divide it, the middle-aged people with their own homes are mostly gathered towards the right-center. It's about those who have gained some profit from antiques and high interest rates. However, as they enter the elderly group of 65 years and older, even if they have their own homes, these benefits start to decrease. And it became clear that the group that suffered the most from high prices and high interest rates were the young people under 45 years old and the early middle-aged people who are tenants. Yes, the young people are in a line with many worries and burdens, suffering a lot from high prices. Why did this happen like this? First of all, looking at the price aspect, when prices go up, it means the value of money goes down. It means that what you can buy with 10,000 won decreases. Those who just have financial assets, not physical assets, see the value of their assets decrease. Those with a lot of debt

In the case of individuals, there is some effect of reducing the size of the debt. Young people are in a period of their life cycle where they have a lot of loans, whether they buy their own home or live in a rental. However, in the case of a rental, it is similar to depositing a large sum of money to the homeowner. They may not benefit even if the interest rates go up. They had no choice but to watch the value of the rental deposit decrease. In particular, young people who not only paid for the rental with their own money but also took out a rental loan suffered the most losses. Young people who borrowed a lot of money to buy their own homes, in other words, those who were heavily in debt, suffered from increased interest costs due to the sharp rise in interest rates. Although the Bank of Korea has gained high interest profits by the fact that the value of the debts of these individuals has actually decreased, the effect has been largely offset as the interest costs have become too high.

In their 30s and 40s, those who had a moderate to good income and actively spent money, meaning they were not very wealthy but earned well when they were young, could borrow money and spend it. According to the Bank of Korea's analysis, these people were hit by the rise in prices and suffered losses as interest rates rose.

"어쩐지 삶이 힘들더라"…'최대 피해자' 30대, 한숨이 절로 (자막뉴스) / SBS

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