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South Korea is going through a demographic crisis as many women in the country have simply stopped having children.
South Korea's statistics agency announced in September that the total fertility rate is the average number of children , born by each woman of reproductive age – last year amounted to 0.81. This is the lowest rate in the world for the third year in a row, according to the Associated Press.
South Korea's population declined for the first time in 2021, raising fears that this negative phenomenon could severely damage the economy due to a labor shortage. and also because there will be more pensioners than taxpayers.
South Korean youth say that, unlike their parents and grandparents, they don't feel compelled to have a family. They cite the uncertainty of the labor market, expensive housing, gender and social inequality, low levels of social mobility and the huge cost of raising children.
There is no official data on how many South Koreans choose not to marry or have children. But reports from the national statistical agency show that about 193,000 marriages took place in South Korea last year, up from a peak of 430,000 in 1996.
In addition, according to the agency, last year about 260,600 children were born in South Korea, up from 691,200 in 1996.
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