자산과 부채 보유 현황에 따른 밀레니얼 세대의 경제적 특성 분석 (Analysis of the Economic Characteristics of the Millennial Generation Based on Their Asset and Debt Holdings)

Abstract

This study analyzed the economic characteristics of the millennial generation, which is emerging as the main generator of economic activity, from various aspects by classifying the millennial generation into four groups using assets and debts, which are the major indicators of household financial soundness. The analysis data used the 2023 Household Finance Survey, and the millennial generation was born between 1980 and 1994 (21 to 41 years old); 2,594 people were used for the analysis. The main results of this study are as follows.

First, looking at the economic characteristics of the millennial generation, the current income, expenditure, total assets, and total debts were 66.8 million won, 43.22 million won, 348.27 million won, and 95.9 million won, respectively.

Second, an examination of the differences in economic characteristics according to the household type showed that the group with lower-than-average assets and debts had a higher proportion of expenditures for basic living expenses. The group with higher-than average assets had a higher proportion of expenditures for taxes, and the group with higher-than-average debt had a higher proportion of expenditures for annual interest. In addition, the group with higher-than-average assets and debts had a higher proportion of real assets among assets, highlighting the need for asset allocation that considers liquidity.

Third, the millennial generation preferred to invest their spare money in savings and financial assets that considered safety rather than real assets. Approximately 68.1% of the millennial generation were investing in real estate. The highest proportion was for housing (55.7%) as an investment purpose.

Fourth, the factors that determine the household type of the millennial generation were examined. Multinomial logistic regression analysis was conducted based on the type.

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Keywords: 밀레니얼 세대, 자산, 부채, 경제적 특성, 가계금융복지조사