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Generational wealth gapKorea Joongang Daily
•77% Informative
Korea 's first wave of baby boomers was born between 1955 and 1963 , and the second from 1968 to 1974 .
Economists are concerned that an excessive concentration of wealth in the older generation will hinder economic vitality.
Older citizens tend to pool their assets in real estate or in banks rather than buying goods or investing, like they did when they were younger.
The widening generational wealth gap may cause social conflict in the future.
The term “ overnight beggar” was newly coined among the youth to refer to people who suddenly became poor despite working hard.
The trend will likely intensify as the second generation of baby boomers enter their 60s .
VR Score
87
Informative language
92
Neutral language
69
Article tone
semi-formal
Language
English
Language complexity
48
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not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
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