[AKYUNG Poll] Stock Market Outlook Divided by Age and Political Orientation

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] Perspectives on stock market trends varied significantly by age and political affiliation. The 30s and 40s age groups, along with supporters of the Democratic Party of Korea, showed strong optimistic expectations that the market would rise from its current level. In contrast, the 50s and 60s age groups and supporters of the People Power Party held more pessimistic views.

According to a public opinion survey conducted by Asia Economy through Win-G Korea Consulting from the 16th to 17th, targeting 1,009 voters nationwide aged 18 and older (100% mobile phone virtual numbers, automated response), 45.4% of respondents predicted that the stock market would "rise or maintain," while 41.2% expected a decline.

By question, the highest response was 23.4% who expected a "slight decline from the current level," followed by 23.0% who anticipated the market would "maintain the current level." Those who expected the market to "rise more than the current level" accounted for 22.4%, and 17.7% predicted a "sharp decline from the current level."

By age group, optimistic expectations that the market would "rise from the current level" were higher among respondents in their 30s (28.8%) and 40s (29.0%), whereas expectations of a "decline from the current level" were higher among those in their 50s (45.3%) and 60s (44.6%). Relatively younger groups viewed the possibility of a rise more positively.

By political affiliation, supporters of the Democratic Party of Korea (31.9%) and the Open Democratic Party (33.2%) were more likely to predict a stock market rise, while supporters of the People Power Party (27.9%) and the People Party (22.6%) more frequently anticipated a sharp decline. Additionally, among presidential supporters, 30.2% expected a market rise, whereas 52.5% of non-supporters predicted either a slight or sharp decline.

This survey was conducted nationwide among voters aged 18 and older from the 16th to 17th, with an overall response rate of 6.5%, totaling 1,009 respondents. The survey method was wireless ARS using 100% mobile phone virtual numbers. The sample was extracted with weighted values by gender, age, and region based on the resident registration population as of the end of December 2020 from the Ministry of the Interior and Safety (cell weighting). The sampling error is ±3.1 percentage points at a 95% confidence level. For detailed survey information, refer to the Win-G Korea Consulting website or the Central Election Poll Deliberation Commission website.