Surviving on Empty Pockets: French Expats in Korea Reveal the Shocking 2.05 Million Won Reality Check
French People’s Perception of Minimum Monthly Cost of Living Revealed
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A recent survey has shed light on the minimum monthly cost of living in France, with respondents citing approximately 2.05 million won as the benchmark.
Ipsos, a renowned public opinion research company, conducted a survey on poverty indicators among 996 individuals in France last May, with the results published on the 12th (local time).
The survey revealed that the poverty level assessed by the French people was 1,396 euros (approximately 2,055,000 won), marking a 19-euro (about 27,000 won) increase from the previous year.
Notably, this figure is almost identical to the actual French minimum wage of 1,398 euros (2,058,000 won).
Ipsos has been publishing indicators of poverty felt by the French people annually since 2007, at the request of the French private aid organization (Secours Populaire).
The baseline for assessing poverty varied by region, with the metropolitan area’s subjective poverty baseline standing at 1,431 euros (2,106,000 won), while rural areas reported 1,388 euros (2,043,000 won).
Families with at least one child under 18 had a higher poverty threshold of 1,447 euros (2.13 million won), compared to families without children (1,377 euros, 2.027 million won).
Only 48% of respondents reported being able to save money, while 16% stated they were in a financial deficit.
According to the subjective poverty baseline, 62% of respondents reported experiencing poverty or being at risk of facing poverty, a 4-percentage-point increase from the previous year.
Specifically, 80% of workers, 70% of those aged between 45 and 59, and 69% of rural residents reported experiencing poverty or being on the verge of poverty. Among low-income households with a monthly household income of less than 1,200 euros (1,766,000 won), this ratio was 77%.
Respondents also expressed concerns about the next generation’s risk of poverty, with 79% of those questioned stating they were worried about their children’s future. This rate reached 86% among parents with children under 18.
The negative impact of financial struggles on everyday life was evident, with 47% of French people struggling to pay their energy bills, a 2-percentage-point increase from the previous year and the highest ever recorded.
Additionally, 38% of respondents reported trouble paying rent or a mortgage, while 29% struggled to pay health insurance premiums.
As purchasing power declines, 43% of French people reported ‘sometimes or regularly’ not heating their homes when it’s cold, while 32% stated they ‘sometimes or regularly’ reduced their daily meals to less than three.
Ipsos noted, “The survey results show that the instability felt by the French people is worsening,” and added, “It is particularly worrying that some vulnerable groups have less access to essential public goods such as energy and medical care.”
