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In the era of monthly income of 5.25 million won, household surplus is ”all-time high”

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Statistics Korea
3rd quarter 2024
Household trend survey results
Households with more than 1 person [including agricultural households]
Average monthly income per household
(Unit: Sailors % Son_Compared to alumni base
Average monthly spending per household
(Unit: power
Seonyeon Alumni Gidabi
earned income
3,329 (+3.396)
household spending
consumption cave
2,907 (+3.596)
business income
987 (+0.396)
3,975
earnings
(+2.796)
Non-consumption boredom
1,068 (+0.596)
5,255
property income
54 (+51,896)
(+4,403)
transfer income
784 (+7.796)
non-ordinary income
102 (+63.906)
Consumption expenditure composition ratio
(unit:
mainstream
clothes
‘cigarette
food rustic
Composition ratio by income item
{(dan et al.;
pre-existing supplies
39
housekeeping service
4.3
property income
4.4
16.1
foodstuffs
non-ordinary income
entertainment culture
Non-alcoholic drinks
1.9
1.0
7.8
transfer income
749
14.9
earned income
Other products
8.0
63.3
service
consumer spending
8.6
12
business income
health
18.8
8.7
10.7
Housing-water supply
earnings
education
traffic
Income and consumption expenditure by income quintile
(Unit: KRW 1,000 % compared to the same year last year)
Consumption
11,543
(46.59)
6,360
5,255
(+1.83)
5,045
(+4.453)
4,362
3,653
(+2.5e)
2,907
2,823
(+3.49
2,689
(+356)
(+3,59)
1,852
1+6,65)
1,182
‘296
(3.09)
(+5,54)
(+5.43 ) (+4.83)
1st quartile
2nd quartile
3rd quartile
quartile
quintile

In the third and fourth quarters of last year, the household surplus, which is household surplus, was 1.28 million won, the highest ever for the same quarter. This is due to the fact that the growth rate of income was higher than expenditure. In the third and fourth quarters, households earned an average of 5.25 million won and spent 2.9 million won.

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