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Single-Person Households

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[Anchor Lead]The number of single-person households is growing quickly in Korea, as more people are moving out of their parents' homes but marry later in life, and due to rapid aging of society. It is projected that in nine years the percentage of one-person households will exceed that of households with multiple members.[Pkg]This residential area in Seoul is cluttered with multi-household residences. Most of the newly constructed buildings are rental homes for single-person households.[Soundbite] Oh Seon-ja(Realtor) : "The newly constructed buildings are in all probability for one-person households."Single-person households are expected to continue to grow, becoming the dominant trend in nine years. As of 2015, households with a couple and a child were the most common household type at 32%, but the percentage is projected to shrink to around 16% by 2045. In comparison, Statistics Korea predicted that the percentage of single-person households would exceed 36% to become the prevalent type.[Soundbite] Lee Ji-yeon(Statistics Korea) : "We think 2026 will be the year when single-person households become the dominant household type everywhere in Korea."For this reason, Korea's population will decline after peaking in 2031, but the number of households will keep rising until 2043. Combined with the rapid aging of Korean society, it is predicted that by 2045 more than half of all one-person households in Korea will be comprised of people 60 years or older. The ages of heads of household are expected to rise concurrently as well. When all the heads of household in Korea were lined up in the order of age, their median age is projected to go up from about 50 in 2015 to 64 by 2045.

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