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Most of Korean Married Couples Don't Know Their Spouse's Income

By November 2, 2016 at 12:43 pm
Couple (Photo : Davide D'Amico / Flickr)

A new survey revealed a rather unknown reality in Korea - over half of married couples do not know how much their spouses earn. 

60 percent of husbands and 51 percent of wives have no idea of the income of their spouse, according to the study on 200 couples aged 30 to 40, conducted by Samsung Life, which was published last Thursday, The Chosun Ilbo reported. 

46 percent of the husbands underestimated their wives' earnings, while 15 percent overestimated them. 24 percent of the wives thought their husbands earn more than they do, and 27 percent thought less. 

More people, however, seem to be aware of the total household wealth, with 90 percent of husbands and 89 percent of wives knowing the exact amount, according to The Chosun Ilbo.

"For successful financial planning, couples need to communicate regularly and assess their earnings and debt repayment schedules," Lim Ha-na, a senior researcher at Samsung Life, commented. 

According to OECD Better Life Index, the average household net-adjusted disposable income per capita in Korea is $19,372 a year, less than the OECD average of $29,016 a year. There is a considerable gap between the richest and poorest - the top 20% of the population earn nearly six times as much as the bottom 20%, according to the Index. 

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