A survey on household finances and welfare has found that the average financial assets of households stood at 90-point-87 million won as of last March. That’s up only eight-tenths of a percent from the same period in 2014.
 
The survey was jointly conducted by Statistics Korea, the Financial Supervisory Service and the Bank of Korea.
 
Considering that the central bank’s key interest rate was around two percent last year, the amount of financial assets of a household failed to surge as much as the standard interest rate during that one year.
 
Households’ financial assets posted growth of 17-point-three percent in 2011, 17-point-nine percent in 2012, eight-point-four in 2013 and two-point-one percent in 2014. Last year, such growth virtually posted a decline, having slipped below the interest rate.
 
The sharp drop in growth was attributed to little expansion in household income. 

Household income was found to have posted growth of only two-point-three percent last year. Between 2011 and 2014, household income saw a surge between four and six-point-three percent on average.