Most office workers under the age of 40 cannot afford to buy a home, despite a drop in property prices, according to a survey released by yes123.com yesterday.
The survey conducted by the human resources Web site showed that only 12.1 percent of office workers under 40 have been able to purchase their own home.
The other 87.9 percent cannot afford to do so, even though prices have been declining this year, the poll found.
According to the survey, 53.9 percent of office workers under the age of 40 still live with their parents or other relatives, while 34 percent live on their own in rented accomodation.
Those who are renting spend an average of NT$9,904 (US$323.65) per month on accommodation, the survey showed.
Given that the monthly salary of a worker now averages NT$39,679, rent is consuming 25 percent of their salary.
Meanwhile, those who have bought homes are paying on average NT$21,977 per month on their mortgages, which accounts for 55 percent of their salary, the survey found.
In an effort to earn extra income, 57.9 percent of office workers have taken part-time jobs, it found.
The survey was conducted from March 22 to Thursday last week on 1,258 office workers under the age of 40 who have been working full-time for at least a year.
It had a margin of error of 2.76 percentage points.
Taiwan’s foreign exchange reserves fell below the US$600 billion mark at the end of last month, with the central bank reporting a total of US$596.89 billion — a decline of US$8.6 billion from February — ending a three-month streak of increases. The central bank attributed the drop to a combination of factors such as outflows by foreign institutional investors, currency fluctuations and its own market interventions. “The large-scale outflows disrupted the balance of supply and demand in the foreign exchange market, prompting the central bank to intervene repeatedly by selling US dollars to stabilize the local currency,” Department of Foreign
Intel Corp is joining Elon Musk’s long-shot effort to develop semiconductors for Tesla Inc, Space Exploration Technologies Corp and xAI, marking a surprising twist in the chipmaker’s comeback bid. Intel would help the Terafab project “refactor” the technology in a chip factory, the company said on Tuesday in a post on X, Musk’s social media platform. That is a stage in the development process that typically helps make chips more powerful or reliable. The chipmaker’s shares jumped 4.2 percent to US$52.91 in New York trading on Tuesday. The Terafab project is a grand plan by Musk to eventually manufacture his own chips for
Taiwan Power Co (Taipower, 台電) yesterday said it plans to resume operations at two coal-fired power generators for three months to boost security of electricity supply as liquefied natural gas (LNG) supply risks are running high due to the Middle East conflict. The two coal-fired power generators are at Mailiao Power Plant in Yunlin County’s Mailiao Township (麥寮). The plant, operated by Formosa Plastics Group (台塑集團), supplied electricity to Taipower’s power grid until the end of last year. Taipower’s decision came about one month after Minister of Economic Affairs Kung Ming-hsin (龔明鑫) on March 10 said that the nation had no imminent
Some robotaxi passengers were left stranded in the middle of fast-moving traffic in a major Chinese city after their driverless vehicles stopped running, according to police and media reports on Wednesday. A preliminary investigation indicates more than 100 robotaxis came to a halt because of a “system malfunction,” police in the city of Wuhan said in a statement, without elaborating. No injuries were reported. One passenger told Chinese media that their robotaxi stopped after turning a corner. An instruction on a screen read: “Driving system malfunction. Staff are expected to arrive in 5 minutes.” After no one showed up, the passenger pushed
RSS