[Ordinary People Financial Report] Last Year, 4 out of 10 People in Their 20s Invested in Stocks

Shinhan Bank 'Report on Ordinary People's Financial Life'

[Asia Economy Reporter Kwangho Lee] Last year, 4 out of 10 people in their 20s invested in stocks, and negative balance overdraft debts surged.

According to Shinhan Bank's "Ordinary People's Financial Life Report 2021" released on the 20th, the age group that invested the most in stocks last year was people in their 20s. In 2019, the proportion of respondents in their 20s who said they invested in stocks was 23.9%, the lowest among all age groups, but last year it rose to 39.2%, the highest among all age groups.

Last year, the average monthly stock investment amount for people in their 20s was 430,000 KRW, an increase of 100,000 KRW from the previous year (330,000 KRW). The proportion of stocks in the asset composition of people in their 20s increased from 10.4% in 2019 to 19.0% last year.

Conversely, the proportion of savings and subscription deposits was over half at 52.2% in 2019 but decreased to 45.0% last year.

As investments increased, "debt investment" also rose. The negative balance overdraft debt balance of stock investors in their 20s surged 75% from 750,000 KRW in 2019 to 1,310,000 KRW last year.

Meanwhile, Shinhan Bank has been publishing this report annually since 2016. This report is based on a survey of 10,000 employed people aged 20 to 64 nationwide last year.