One in Three Borrowers in Their 40s Spends More than 40% of Their Income on Loans.
2 Articles
2 Articles
It has been confirmed that 34% of household loan borrowers in their 40s spend more than 40% of their income on principal and interest repayments. In particular, the proportion of high DSR among low-income groups reaches 40.4%, and it is projected that the interest burden on borrowers will significantly increase if interest rates rise in the future.
A survey of people in their 40s who have taken out household loans revealed that one in three spends more than 40% of their annual income on principal and interest payments on their loans. Even among low-income earners, four out of ten had a principal and interest repayment burden exceeding 40% of their income. According to parliamentary audit data submitted by the Bank of Korea (BOK) on the 13th to Kim Nam-jun, a member of the National Assembly…
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