[SBS Lee Cheol-hee's Political Show] <Public Opinion 123> Seeing the World through Numbers



■ Broadcast: SBS Lee Cheol-hee's Political Show (FM 103.5 MHz 9:05 ~ 11:00)


■ Progress: Lee Cheol-hee, Director of the Knowledge Design Research Institute


■ Broadcast date: 2021 January 15 (Fri), 2011


■ Cast: Hae-Sung Park,



what kind of research was conducted on

TV Ridge's

retirement?



The Korea Insurance Development Institute has released the '2020 KIDI Retirement Market Report'.

This is a survey of how much of the 4050 households, most active in social activities, have assets after retirement and how much money they need for child support and living expenses after retirement.



The list of 4050 households spending the most after retirement is child support?



63% of the survey respondents said they feel burdened with child support even after retirement.

There was the same survey in 2017, which is a 6 percentage point increase compared to the time.

After retirement, they predicted that the average cost of education per child after retirement was 69.89 million won and marriage cost was 119.4 million won.

Even after retirement, the cost of 170 million won per child is required, and as this is the estimated cost per child, it can be seen that if there are more children, it will cost more.

On the other hand, according to the National Pension Plan's Retirement Security Panel Survey, 22% of children were unemployed at the time of retirement and 35% were unmarried.



If so, how much income do people in their 40s and 50s want after retirement?



They wished for 69% of their average pre-retirement income.

The monthly cost of living that the survey subjects wished for was 3.12 million won for a couple, and the minimum living cost was 2.27 million won.



However, the reality is different from expectations. According to a survey by the National Statistical Office, the average annual income of retired households was 27.87 million won, which is 43% of non-retired household income of 62.5 million won.

The estimated average retirement benefit for those in their 40s and 50s was 9466 million won.



Are there any difficulties in providing the necessary living expenses after retirement?



According to data from the National Statistical Office in 2019, the average assets in their 40s were 466.69 million won and those in their 50s were 49.345 million won.

However, more than 70% of all assets are real assets such as real estate, and more than half of them are occupied by the current housing. 



Those in their 40s accounted for 72.4% (3,3994 million won), and those in their 50s 74.4% (36.7 billion won).

As a way to prepare for retirement, seven out of ten responded that it was public pension, but in 2019, the income replacement rate for recipients of the national pension remained at around 21.3%.

It is a necessary situation to come up with various measures for retirement.