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Elderly poverty rate highest in S. Korea among OECD
SEOUL, Nov. 8 (Yonhap) -- The rate of poverty among elderly people in South Korea, one of the world's fastest-aging societies, is the highest among leading economies, a report showed Saturday.
The poverty rate among households headed by those aged 65 and older stood at 45 percent as of 2006, more than three times higher than the 13 percent average among member states of the Organization for Economic Cooperation and Development (OECD), the agency said.
The OECD is a Paris-based organization comprised of the world's developed economies.
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