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Parent Post: South Korea Just Another Vassal State
rick
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10/12/2025, 12:01:04 AM
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**"Where Is Pensioner Poverty The Most Prevalent?"** by Tyler Durden Saturday, Oct 11, 2025 - 07:45 AM Four in ten people aged 66 and older in Korea were living in relative income poverty in 2022, according to the latest data from the OECD. That year, 39.7 percent of Korean seniors were living on an income below half the national median equivalized household income - the highest elderly poverty rate recorded across the OECD. The rate has remained stubbornly high over the past decade and edged up slightly between 2021 and 2022. Still, this figure has improved from a high of 47.8 percent in 2011, when the OECD began publishing this data for Korea. Analysts note that the country has made significant strides towards improving its social security for older adults over the last decade, citing how a key factor behind the persistently high rate is the relatively recent launch of Korea's pension system in 1988, which has yet to reach full maturity. Public pension coverage has continued to expand in recent years, though disparities remain, particulalry between men and women, due to decades of unequal access to formal employment, as noted by Moon Joon-hyun of the Korea Herald. But, as Statista's Anna Fleck details below, Korea is not alone in facing high elderly poverty  https://www.zerohedge.com/markets/where-pensioner-poverty-most-prevalent
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