14min chapter

New Books in Sociology cover image

Arvid J. Lukauskas and Yumiko Shimabukuro, "Misery Beneath the Miracle in East Asia" (Cornell UP, 2024)

New Books in Sociology

CHAPTER

Elderly Poverty in East Asia

This chapter explores the critical issue of elderly poverty in Korea, revealing a striking 40% poverty rate among seniors, significantly higher than the OECD average. It discusses the contributing factors such as low retirement savings and inadequate government pensions, as well as the broader implications for the aging populations across East Asia. The chapter emphasizes the urgent need for societal reform to support this vulnerable demographic, especially against the backdrop of rising crime, suicide rates, and social discontent.

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