South Korea’s per-capita economic lifecycle remained in deficit through age 27, entered surplus at age 28 and returned to deficit at age 61 in 2024. The National Data Agency’s 2024 National Transfer Accounts show the surplus period extending to 33 years as more older people continue working after retirement. Per-capita consumption and the deepest deficit peaked at age 16 at 46.04 million won, while labor income and the largest surplus peaked at age 45 at 46.51 million won and 19.32 million won, respectively. Older adults’ total lifecycle deficit reached 188.9 trillion won, surpassing the 186.2 trillion won deficit among children for the first time since the statistics began. Their consumption rose 8.1% and accounted for 17.5% of national consumption. Working-age people aged 15 to 64 recorded 344.9 trillion won in net outflows, including 185.9 trillion won to children and 148.3 trillion won to older adults. Total lifecycle deficits fell 3.2% to 220.119 trillion won as labor income grew faster than consumption.