Final 12 months, the typical annual revenue of dual-income newlywed {couples} was roughly 100 million gained, practically double that of single-income {couples}, based on statistics.
Final 12 months, newlywed {couples}’ common annual revenue elevated by practically 1 million gained in comparison with the earlier 12 months. This enhance was attributed to the rise in dual-income newlywed {couples}, which drove up common revenue ranges. The typical annual revenue of dual-income newlywed {couples} approached 100 million gained.
In keeping with the 2024 Newlywed Couple Statistics launched by the Nationwide Knowledge Service on Dec. 12, newlywed {couples} ({couples} who haven’t exceeded 5 years since marriage registration) numbered 952,000 pairs final 12 months, a 2.3% lower from the earlier 12 months (974,000 pairs). This marked the second consecutive 12 months beneath 1 million pairs, following 2023, which was the primary time the determine dropped beneath 1 million since associated statistics started in 2015.
First-marriage newlywed {couples} totaled 756,358 pairs, accounting for 79.4% of all newlywed {couples}. Their common annual revenue was 76.29 million gained, a 5% enhance from the earlier 12 months (72.65 million gained). The Knowledge Service defined that revenue elevated as extra {couples} had each spouses working.
The proportion of dual-income {couples} amongst first-marriage newlyweds final 12 months was 59.7%, up 1.5 proportion factors from a 12 months earlier. The typical annual revenue of dual-income {couples} was 93.38 million gained, 1.7 instances that of single-income {couples} (55.26 million gained).
Whereas the rise in dual-income {couples} raised newlywed {couples}’ revenue, the variety of youngsters really decreased. The proportion of first-marriage newlywed {couples} with out youngsters was 48.8%, up 1.3 proportion factors from the earlier 12 months. The typical variety of youngsters additionally decreased by 0.02 to 0.61.
Notably, the childless price amongst dual-income {couples} was 50.9%, 6.1 proportion factors increased than single-income {couples} (44.8%). The so-called DINK {couples} amongst dual-income households, these with out youngsters, numbered 230,162 pairs (30.4%), surpassing the earlier report of 2023 (29.3%). Analysts recommend this displays the continuing difficulties of Korean society, the place {couples} working collectively nonetheless wrestle to handle childcare.
The homeownership price amongst first-marriage newlywed {couples} final 12 months was 42.7%, up 1.9 proportion factors. Housing possession charges began at 35.8% within the first 12 months of marriage however rose to 50.9% by the fifth 12 months, with homeownership charges growing with longer marriage length. Residences accounted for 77% of housing varieties, representing the overwhelming majority.
The proportion of newlywed {couples} with loans was 86.9%, down 0.9 proportion factors. The median mortgage steadiness was 179 million gained, a 5% enhance from the earlier 12 months.
