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TL;DR – Living with Parents…FOREVER

April 17, 2014

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So, this week’s topic is on for how long people in Korea live with their parents. We tackled this subject in two ways:

We first talked about the real estate market in Korea, and how different it is than what we’re used to in North America. Namely, it’s a lot more expensive here, not just for rent, but also because the deposits that you have to put down here are exorbitantly expensive. As a graduate in Korea, if you’ve got student loans, there ain’t no way you’re moving out of the house, cuz you ain’t got that kinda money for a key deposit just lying around. Jobs in Korea don’t pay that well, either, so…how are you gonna move out?

The second part we talked about, though, is about dependence on parents. Being a parent in Korea is a HUGE financial burden, since you have to support your kids for a very long time. And if you’re living with your parents the desire to be independent isn’t really there, since – well – why would you if you could live there for free, right?

That last point is one I’m sure a lot of people are going to argue against. I’m sure there are many people out there that’ll say “Malarky! I wanted to move out and so did my friends!” So be it. From who we’ve spoken with, and who our friends that we consulted with on the matter have spoken with, this idea of “why would I move out if I got it good here?” is common.

Ok, enough summary: Soo Zee had some interesting stats and facts that she sent us that we were afraid to mention on camera, because if you get one pronoun out of order then it becomes an entirely different stat. Copying and pasting is so much easier!

We mentioned the term “Kangaroo Jo.” At first, the term Kangaroo was applied to people that didn’t want to get jobs, and just stay students for as long as possible and be dependent on their parents. Now, though, there’s a new breed of Kangaroos. Now, they’re people who, despite the fact that they are highly educated, and have have jobs and earn money, they don’t want to be financially independent from their parents. You don’t have to pay rent if you’re living with your parents! Also, a bit of clarification: the Kangaroo term isn’t really something you call someone, like you’d call someone a Freeloader. You Freeloader! You Kangaroo! It’s not like that. It’s more like a classification of people, like Millennials or something like that.

Some interesting stats Soo Zee sent us: 60% of University graduates in their 20s are ‘Kangaroos,’ while 38.7% of those have a full time job, and 32.9% of them have part time work, according to this site here. Also, interestingly, over the past decade or so there’s been a 91% increase of people in their 30s and 40s living with their parents, from this site

Ok, I’ll leave it at that. I don’t want this to get too proper or researchy, though I’m sure that’s a good thing – that’s just not what we do here that much at EYK. We’d like to get back to fart jokes, if possible :D

Let us know what the situation’s like where you’re from. I know for us the contrast in family dynamics between Korean families and our families was very surprising. What’s it like where you’re from? More Korean? More Western? Or something different? We’d love to read your thoughts on the matter. I’ve got my money on Sweden having things all figured out, for some reason. Must be all that cheap furniture!

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