Rising debt for youths in S. Korea

SEOUL - South Korea's younger generation is facing rising debt while the older generation has less living costs, boosting worries about low birthrate amid an aging population, data showed on Thursday.

According to data jointly released by Statistics Korea, the Bank of Korea and the Financial Supervisory Service, householders aged under 30 have an average debt of 23.85 million won ($22,000) as of the end of March.

It was the lowest debt in the age group, but it marked the fastest growth rate of 41.9 percent compared with 16.81 million won tallied a year earlier.