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[Graphic News] Paychecks quickly vanish from Korean workers’ accounts

[Graphic News] Paychecks quickly vanish from Korean workers’ accounts

South Korean salaried workers have just 57 percent of their monthly pay remaining a day after payday, according to an analysis by NH NongHyup Bank. The bank analyzed customers who received monthly after-tax salaries of at least 1 million won ($750) in the first half of this year. On average, workers had spent 43 percent of their salary within a day of payday, with 65 percent spent after five days and 78 percent after 10 days. By the end of the month, just 3 percent remained. Younger workers depl

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