Children’s Day gifts now cost parents twice as much
A recent survey in South Korea shows that parents are spending much more on Children’s Day gifts than before. On average, parents expect to spend about 95,000 won (around $64) this year. This amount is almost twice as much as what parents spent about ten years ago, showing how gift-giving costs have increased over time.
The survey was conducted by an English education company and included more than 600 parents with young children. Almost all parents said they planned to give gifts for Children’s Day, which is celebrated on May 5. Many parents explained that rising prices and changing expectations for gifts have influenced how much they spend.
The most common gifts include clothes, toys, and sports items like bicycles. Some parents also choose more expensive gifts such as gaming devices, smartphones, or even savings like cash and stocks. In addition, books and learning materials are still popular, showing that some parents prefer educational gifts.
When deciding what to buy, most parents said they focus on what their children want. However, many also consider whether the gift is necessary and whether the price fits their family budget. Some parents also plan fun activities instead of buying gifts, such as going to amusement parks, traveling, or camping.
The survey also showed that many parents receive financial help from grandparents or relatives when buying gifts. Experts say this reflects both rising living costs and strong family support systems. Overall, Children’s Day in South Korea has become not only a celebration for children but also an important family spending occasion.
Edited using generative AI tools.
Source : https://www.koreaherald.com/article/10729419 |
