Housing for Young Adults

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Housing Conditions of Youth in Seoul

■ Causes of Housing Insecurity

• Insecurity in securing housing cost due to increase in unemployment and lack of regular jobs among the young

• Increase in burdens on household budgets due to increase in household debt (Increased rate of financial debts among those in their 30s: 12.9%)

• Increase in rental deposits, accelerated shift to monthly rental system

■ Increase in Young House Poor

• Increase in young house poor (aged 19-34) in Seoul

• Higher than the young house poor rate of the Whole Country (14.7%)

■ Increase in Young People Moving Out

Increase in numbers of young people moving out of Seoul due to problems of housing costs