[Extra Post] Poverty in Korea is affecting mostly the elderly, Why do you think this is the case?

 Today's elderly people were a generation of the transition period, also called the ‘Sandwich generation’. They should not only serve their parents but also raise their children. They spent all the money and energy to take care of everyone. However, they never thought and planned their later years. It is said that at least 400 million won is needed for a child until he gets married. They could not save money in order to raise their kids. Unfortunately, our society still lacks institutional arrangements to take care of those generations.

Also, as medical technology advances, the life span of the elderly is getting longer. Today, the average life expectancy is over 100. However, society needs a young and active workforce rather than an elderly person. As a result, it is not easy for the elderly to earn money as the reemployment market narrows.

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