"How Much Should I Give for Chuseok Allowance?"... Average 200,000 KRW for 30s-40s

KakaoPay. Big Data Disclosure

How much is appropriate as Chuseok allowance for elders?

Analysis of the amount of allowance sent to elders through KakaoPay during last year's Chuseok holiday showed that people in their 20s sent an average of 170,000 KRW, those in their 30s sent 210,000 KRW, and those in their 40s sent 230,000 KRW.

Photo by Kakao Pay

When elders sent Chuseok remittance envelopes to juniors last year, teenagers received 70,000 KRW, people in their 20s received 100,000 KRW, and those in their 30s received 150,000 KRW.

The majority of teenagers and people in their 60s (91.5%) received allowances, while people in their 30s and 40s had a higher rate (65.5%) of sending allowances.

People in their 20s and 50s were found to both send (49.5%) and receive (50.5%) allowances frequently.

Among users who utilized KakaoPay's Chuseok remittance envelope feature from 2020 to last year, the oldest user was 90 years old.

KakaoPay users can use the Chuseok remittance envelope feature with two designs, 'Chuseok Bonus' and 'Hangawi Allowance,' for about half a month from the 18th of this month to the 3rd of next month. KakaoPay stated, "If you store your allowance in a KakaoPay Securities comprehensive account, you can receive an annual interest rate of 5%."

This content was produced with the assistance of AI translation services.