Economy · 2 sources combined
Elderly living alone
Insurance premiums up 60% in 4 years
In short
Insurance expenses for seniors aged 60 and over living alone have increased by over 60% in four years.
In the same period, income rose only 22.4%, putting greater strain on insurance premiums.
As enrollment in dementia and long-term care insurance increases, financial pressure on elderly households is growing.
Key facts
| When | This is based on data from the National Statistics Office comparing the first half of 2022 and the first half of 2026. |
|---|---|
| Who | Single-person households aged 60 and over living alone were surveyed. |
| What | Average monthly insurance premiums increased 60.3%, from 29,500 won to 47,300 won. |
| How | The share of households paying insurance premiums rose from 67.0% to 78.6%, and households paying 100,000 won or more nearly doubled. |
What it means for me
If you are an elderly person living alone, you should review both insurance premiums and actual coverage needs together.
If your income is fixed after retirement, you should recheck your ability to pay insurance premiums.
