It is found that the higher the education level achieved by individuals, the higher the likelihood of being satisfied with life: 40.2% among those with less than middle school education; 50.8% for those with high school education; and 60.5% for those with a college education or higher.
In the early stage of entry into the labor market, those with high school education and those with a college education or higher show no significant difference in the proportion of people expressing their satisfaction with life, but the gap widens to 17.5%p among the elderly aged between 45 and 54.
Generally, more people are satisfied with life as their income grows, but the share of 'satisfied' people diverges depending on the educational attainment level among the people in the high-income group earning an average monthly income of more than 5 million Korean won. 71.1% of those with college education indicated there are satisfied with life, as compared to 57.6% of those with high school education and just 50.9% for those with middle school or less education.