South Korea's birth rate drive struggles to sway 'YOLO' generation (Reuters/27 Aug 2024)

Reuters (via MSN) analysis piece on South Korea's ongoing struggle to address its declining birth rate, as many in their 20s and 30s prioritize immediate pleasures and personal aspirations over parenthood. Despite government incentives and plans to create a new ministry focused on demographic challenges, the "YOLO" mentality and high consumer spending among younger generations continue to undermine efforts to boost the nation's birth rate. Financial hardships and a preference for material well-being over family further complicate the situation.