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Analysis Distorted wealth perceptions make young South Koreans feel poorer than they areAs celebrities and peers flaunt luxurious lives, many people feel left behind and less open to marriage and children A growing number of South Koreans perceive themselves as worse off than they are, driven by a phenomenon known as “inflating criteria for average.” This trend, where the lifestyles of the top 10% are conflated with the social norm, creates immense pressure on individuals to emulate unrealistic standards, leading to widespread feelings of relative deprivation and dissatisfaction. The consequences of this distorted perception are far-reaching, contributing to various social issues such as declining marriage and birth rates in the country. A 2024 report by the Korea Development Institute(KDI) reveals that South Korea’s middle class, defined as households © Korea Risk Group. All rights reserved. |





