28 Days
Source:
الاقتصادية
East Asian Parents' Wealth Planning
East Asian countries are experiencing a shift in the concept of wealth, as families move toward diversifying their financial portfolios from reliance on real estate and cash savings to investments in stocks, funds, and insurance products. In South Korea, children's accounts grew by 272%, supported by government incentives and tax benefits, while reliance on real estate is declining due to China's prolonged real estate downturn. This change reflects efforts by governments to promote financial literacy and encourage asset diversification to ensure stability for future generations.
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