Majority of Taiwanese office workers in debt: 1111 Job Bank
Most office workers in Taiwan are burdened with monthly debt payments, which affects their quality of life, according to the results of a survey released Monday by an online job broker.
The poll by 1111 Job Bank found that 84.05 percent of office workers in the country have been in debt at some time, and 76.07 percent currently have debt payments that consume an average 40 percent of their monthly income.
On average, each worker owes about NT$1.59 million, with 42.3 percent paying toward credit card debts, 35.9 percent housing loans, and 27.4 percent student loans, according to the poll.
Because of the repayments, 62.4 percent of those workers sacrifice their quality of life, 32.5 percent have few hobbies or personal interests, and 21.2 percent do not have much time for their families, the survey found.
The poll was conducted May 11-27 on 1,141 office workers. It had a margin of error of plus and minus 2.9 percentage points. has launched a new program to encourage the promotion of corporate securities starting from July 1 and effective until year’s end. The program, which targets futures traders, would subsidize up to 45 percent of promotional costs for futures securities and futures management services.
According to the TFE, defrayed costs could amount to as much as NT$1.8 million, in comparison to the NT$1.2 million offered in the first half of the year. Applications should be submitted before the deadline of Sept. 30.