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Asia's Economy of One Reshapes Spending, Care and Business

Asia's Economy of One Reshapes Spending, Care and Business
Asia’s ‘economy of one’: How solo living is reshaping spending, care and business · CNBC TV 18

More people in parts of Asia are living by themselves.

This is happening especially in China, South Korea, Japan and Singapore.

When fewer people share a home, each person must pay for more things alone.

They may buy prepared meals, cleaning, care or safety services that families once provided.

Companies are creating products such as single-serving food and solo travel.

Older people who live alone may need extra help with healthcare and emergencies.

Living alone does not always mean feeling lonely, although solo households report loneliness more often in South Korea.

New businesses, including some AI services, are trying to provide companionship and support.

This change is helping create what analysts call an economy of one.

Key facts

China household size
The average household size fell from 3.10 people in 2010 to 2.62 in 2020 and 2.52 in 2025.
South Korea solo households
The share rose from 27.2% in 2015 to 36.1% in 2024.
Japan solo households
One-person households accounted for 38% in 2020 and are projected to reach 44.3% by 2050.
Singapore solo households
The share increased from 11.2% in 2014 to 16.1% in 2024.
South Korea spending
In 2024, solo households spent 18.4% of their budgets on housing and utilities, compared with 12.2% for all households.
Japan ageing trend
People aged 65 and above living alone are projected to increase from 7.38 million in 2020 to 10.84 million in 2050.
Japan home deaths
In 2025, 22,222 people living alone who died at home were discovered eight days or more later, including 7,148 discovered at least 31 days later.

Sources

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