Sampo generation

This term was used by the special reports team of Kyunghyang Shinmun in the publication "Talking About the Welfare State".[4] They defined Sampo generation members as those with unstable jobs, high student loan payments, precarious preparations for employment, etc., and who postponed love, marriage, and childbirth without any prospective plans.[5] The report argued that the burden of starting a family in South Korea was so high because of the government's preference to delegate social welfare duties to families themselves. The emergence of the Sampo generation demonstrates that the structure of the traditional family unit was disintegrating at an alarming rate, according to the report. This word and its definition rapidly spread through various media and the Internet. The term means "three abandoning generation" or "three giving up generation", referring to the three things the Sampo generation is giving up on: courtship, marriage and children.

Regarding this term, Korean marriage trends are changing. According to marriage consultancy Duo, over 34 percent of 1,446 women surveyed prioritized financial capability and job in choosing a future husband, followed by 30 percent putting greatest importance on personality and 9 percent on looks. In modern society, singledom has arguably become a greater problem than unemployment, not because people have failed to meet the right one, but because they lack the economic power to marry and start their own families.[6]

• In the United States, many Millennials and late Generation X also belong to the Boomerang Generation which live with their parents after they would normally be considered old enough to live on their own. This social phenomenon is mainly caused by high unemployment rates coupled with various economic downturns, and in turn, many Boomerang children postpone romance and marriage due to economic hardship.
• In Japan, the generation of youths currently in the 10 to 20s range is called the "Satori generation". They are similar to the "Sampo Generation". Typically, they are not interested in luxury items, trips abroad, money, and successful careers.[8]
• In Europe, there are several terms and groups comparable to the "Sampo generation". In Greece, they are called the 700 euro generation. These youngsters often work at temporary jobs and receive the minimum allowable salary of 700 euros a month. The term began to appear in 2008.[9]

• Hell Joseon
• Spoon class theory
• Working poor
• N-po generation

• "'It Is Fortunate That I Wasn't Born as a Korean,' Ex-Japanese Envoy to Seoul Says in Column—Masatoshi Muto Stirs Controversy in South Korea". The Seoul Times.