Relationship between Investment Experience and Welfare Attitudes in Korean Society: Focusing on the Insufficiency of Labor Income and the Importance of Investment Income

Relationship between Investment Experience and Welfare Attitudes in Korean Society: Focusing on the Insufficiency of Labor Income and the Importance of Investment Income

This study aims to examine the relationship between individual investment behavior in financial products, such as financial assets, real estate, and cryptocurrencies, and their perception of social risks in South Korean society. Additionally, the study analyzes the influence of investment experience in financial products on attitudes toward the expansion of public welfare. The analysis reveals that as individuals perceive a greater insufficiency in relying solely on labor income for maintaining a stable life, the likelihood of having investment experience in financial assets and cryptocurrencies increases. In contrast, as individuals perceive a greater insufficiency in relying solely on labor income for maintaining a stable life, the likelihood of having investment experience in real estate decreases. Furthermore, the study finds that these investment experiences in financial products have varying effects on attitudes toward welfare expenditure expansion, depending on the type of financial product.