Where Do Korean Teens Spend All Their Money?

regardless: …에 상관없이
reflect: 반영하다
Recent research by NH Noya Bank found that Korean teenagers, regardless of gender, commonly spend their money at convenience stores, coffee shops, and generally low-cost stores, reflecting their tight budgets and uncertain times.

cost effectiveness: 비용 효율성
typically: 일반적으로
The lender said young people prioritize cost effectiveness in their spending and typically use check cards for payments instead of carrying cash.

financial assets: 금융자산
According to NH Noya’s analysis of teenage customer data, including card usage and financial assets from 2020 to last year, check card usage among teens has steadily increased.

proportion: 비율
indicate: 나타내다
Additionally, the proportion of teens making payments more than twice a day increased from 18% to 29%, indicating that check cards have become a regular part of everyday life for Korean teenagers.