‘Debt Investment’ and’Young Kul’ investment hung in the 20s and 30s, sighing in the growing’debt pile'[허미담의 청춘보고서]

1 in 3 people in their 20s and 30s, investing in stocks after the coronavirus
Youth household loans 1 year New 8.5%↑
Expert “The phenomenon of’debt investment’ is related to the uncertain future of youth”

[아시아경제 허미담 기자] [편집자주] How is your youth being remembered? From teenagers to college students and office workers, we deliver the joys and sorrows of’youth’, such as anxiety and laughter.

“I can’t’make my house’ by collecting only salary.”, “Stock is an inevitable choice.”

Recently, there is a strong fever among the younger generations of ‘spirituality (collecting souls)’ and ‘debt investments (investing in debt). As the prices of houses soar, young people who felt anxious are continuing to invest in stocks and real estate even if they are in debt. However, as the asset market such as real estate and stocks overheated, the debt of young people was also found to increase rapidly. Experts analyzed that the phenomenon of’debt investment’ is related to the anxiety of young people due to employment difficulties.

Kim Mo (26), a job seeker who jumped into the stock market in the second half of last year, said, “When I put the money I earned from a part-time job in a bank, there was little financial gain. That’s why I started stocks.” “Since both my family and acquaintances are investing in stocks, I was naturally interested. In the end, I invested most of the money I saved from my part-time job in stocks,” he said.

He added, “I don’t even think about buying real estate by making money with stocks. But when I heard that I made some money with stocks, it seemed like I was only falling behind,” he added.

Like Kim, there are not a few young people who have recently started financial investments including stocks. As a result of a survey of 2,000 adults by the Korea Financial Investor Protection Foundation, 19% of respondents said, “The financial investment started or resumed for the first time in life due to the economic changes in the Corona 19 era.”

In particular, the percentage of young people in their twenties who initiated or resumed financial investment after Corona 19 was 29%, which is higher than those of other age groups. ▲30s (20.5%) ▲40s (20.2%) ▲50s (12.6%) followed.

Jeong Mo (29), an office worker, recently broke a regular payment to raise money for stock purchases. Jeong said, “Since I went to work, I saved my monthly salary. Since I was only saving, the interest rate was low and my profits were low,” he said. “I broke the savings account and transferred money to stocks in the car I was worried about recently.” Following “I am satisfied with the higher rate of return than deposits and savings,” he added.

However, due to the overheating of real estate and stock markets, Debt also appeared to be increasing significantly. According to the Financial Stability Report released by the Bank of Korea in December of last year, as of the end of the third quarter of 2020, household loans for young people, including those in their 20s and 30s, increased 8.5% from the same period last year, exceeding the growth rate of other age groups (6.5%). It was counted.

As a result of this, some in their twenties sitting in a pile of debt are increasingly not able to pay their debts and apply for relief.

According to the data on “personal rehabilitation applications by age” received by Justice Party lawmaker Jang Hye-young from the Supreme Court in October last year, the number of individual rehabilitation applications for men in their twenties as of June 2020 increased by 29.8% from the end of last year and women in their twenties increased by 24.7%. . It is the only people in their twenties that have increased by more than 20% in all age groups.

Experts analyzed that the craze for’debt investment’ is related to the uncertain future of youth.

Dankook University economics professor Kim Tae-gi said, “Aren’t young people having hope for the future? Currently, young people are suffering from employment difficulties, so they have little labor income. In this case, they must find non-labor income to earn income.” “I don’t own a house, and where do I find this non-work income? After all, making money through stocks is the easiest way for young people.”

He added, “In addition, because the interest on the bank is so low, the number of young people who are dipping their feet in stocks is increasing because they cannot expect profits.”

Reporter Mi-dam Heo [email protected]