These are all caused by the concept of high consumption and credit card overdraft consumption that is popular among young people.

Young people think differently from young people, and the generation gap is obvious. Born in different eras, various concepts will definitely vary with the development of the times. As the saying goes, if you don't have long-term worries, you will have immediate worries. It is a phenomenon that young people have a lot of debt. It is also abnormal for a normal person's normal life rhythm. Go their own way and no one else will say anything.

Various social expenditures have increased, but most people’s wages and other incomes have not increased simultaneously, and the social gap between rich and poor has increased. These are all causes of debt

Because of credit card installments

This is related to their consumption concept! They have to use the best for food and clothing, but they don’t make much money. Nowadays, there are many credit cards and online loans, which are convenient for them to use. In the end, they reach a dead end. The money they make every month is not enough to repay the goods. Finally, they apply for There are more and more cards, and every month I have to pay for one card or another, and before I know it, I have become a loser [crying] I used to have a neighbor. Because her husband left when the youngest son was very young, he always thought that the child He lacked fatherly love and doted on his younger son. When the child grew up, it was difficult for him to work, but he wanted to eat well, drink well, and be well clothed. When he had no money, he used credit cards. In the end, he used many credit cards and had no money to pay back. The court said When the summons arrived at home, the son was not intimidated, but the mother was frightened. The mother took her son to various banks to repay the money and then cancel the credit card. But within a few months, another summons came, and he applied for credit cards from other banks, and again He was so angry [beating] that his mother went out to work as a cleaner in order to pay off his debts [crying] In the end, he also lost his job, and it progressed to the point where he sold the house to pay off the debt [crying] Because of his old age, other people disliked her for being a cleaner. I am no longer old enough, so I have to go to the streets to pick up scraps and sell them for money [tears][tears]

This consequence has something to do with my mother’s education, and how many young people have become negative people. What about? I hope all negative people will take this as a tool!

Consume first and pay later

First, you are not satisfied with the status quo and want to start a business and get rich! If you don’t have capital, take out an online loan or apply for a credit card! The business failed and I couldn’t pay back!

Secondly, due to the general social environment, there is serious comparison and early consumption!

Thirdly, various inducement advertisements from online loan platforms fill the entire lives of young people!

Fourth, the high interest rates on online loan platforms are similar to loan sharks, with high interest rates!

Fifth, young people cannot make ends meet, so they take out loans to support their loans. Leading to higher and higher debts. At this time, the online loan platform will forcibly reduce the limit, and you can only repay the loan, but cannot use it again. This has resulted in young people being overwhelmed by debt!

Sixth, the state should increase supervision and crackdown on online lending platforms!

The increasing debts of young people mean that people are getting poorer. In China, people usually refer to those born in the 1980s and 1990s as young people. In fact, it is not just young people in China who are getting poorer. To be precise, young people around the world are getting poorer. This economic problem is not only a problem faced by young people in China, but also a dilemma faced by all young people around the world. China's young people are getting poorer and poorer. Even as the average wage income level is getting higher and higher, they are still in a state of being unable to make ends meet, and they are becoming increasingly poor. In the final analysis, this is still inseparable from these reasons - first, social costs are getting higher and higher, including survival costs, living costs, rising price levels, etc. Second, the real social inflation rate is getting higher and higher, and the actual use value of money is getting lower and lower. For example, one million ten years ago is a completely different concept than one million today. Third, housing prices are getting higher and higher, and the cost of settling down for young people, especially young people from other places, is getting higher and higher. The increase in salary is far less than the increase in housing prices, and even cannot outpace the increase in the cost of living. Fourth, investment channels for young people are relatively limited, and their starting point is not high. Instead, they work harder than others. However, due to different starting points, even if they work harder, there are still very few people who can break through class stereotypes. Fifth, society has a serious comparison mentality and a huge gap between the rich and the poor. Precisely because of constant material comparison and competition, one has less disposable income and less asset flexibility. Sixth, the consciousness of saving and managing money is not strong. Saving and managing money itself is a long-lasting process, but not everyone can achieve this kind of persistent perseverance, and saving and managing money seems to be the patent of some people.

The reason why young people feel a lot of pressure nowadays is because of the great development in the past two or three decades. Investment has driven asset prices to rise sharply, but they have not caught up with this wave of dividends. To use a saying in economics, "The return on labor will never outstrip the return on capital." Unless some relatively huge economic factors occur, it will always be: the distribution of wealth is increasingly in the hands of a small number of people. concentration, and the vast majority of people are unable to possess sufficient capital. To use an old Chinese saying: The richer people get richer, and the poorer people get poorer. Of course, there are examples, but individual examples are beyond the scope of our discussion. What we need to understand is the general trend of society. As the backbone of this society, young people have youth and time and all the activities and vitality that everyone yearns for, but the only thing they don't have is capital. As young people without capital, relying on labor to earn money to support their families will never be as good as those rich people who have capital. I am busy every day, working hard every day, and working hard all the time. With the large-scale growth of the social economy, the level of consumption and the concept of consumption are also growing at the same time. With a meager salary income, in addition to supporting the family, Economic consumption has made the entire young class of society feel even more pressure. In some ways, the income of young people is not as high as that of their parents. On the surface, the salary level has increased several times compared with that of our parents' generation, but it is accompanied by inflation and abnormal economic development, leading to the typical "monetary illusion" in economics. According to data from the China Price Bureau: "In the past thirty years, the increase in daily necessities such as pork and vegetables has been 15-20 times, and the increase in medical and health care products has been 100 times. What makes people feel outrageous is the land The price has increased by 10,000 times! However, the huge gap is that our salary level has only increased several times. From the perspective of purchasing power and the actual use value of money, wages have actually decreased. With the development of the times, young people have become more advanced in their consumption concepts, and their consumption patterns have become more and more advanced. As the wave of the Internet comes, people have greater and greater demands for consumption as they embrace the Internet. When the salary level cannot meet the unlimited consumption demand, your wallet will become smaller and smaller, and your bank card balance will become smaller and smaller, and poverty will follow. It seems that this is a society with many opportunities, but in fact, in comparison, it is not. In the past, there were fewer and fewer opportunities for young people. All walks of life were controlled by industry giants. It was increasingly difficult for young people to earn income through entrepreneurship and investment. It was normal for young people to feel poor, no matter what era they were from. People had a hard time when they were young, but young people feel it particularly deeply now. What are the reasons? 1. The income growth is limited. For example: 20 years ago, a bachelor's degree graduate in 1998 could earn about half a month of regular work. Around 1,500 yuan. Statistics show that 20 years later, the starting salary for undergraduates was about 5,000 to 6,000 yuan. Food, clothing, and housing 20 years ago were much cheaper than now. For example, renting a single room in Beijing cost 500 to 600 yuan. The income is about 30%. Now a similar house costs 3000 yuan, which accounts for more than 50% of the income. At that time, a graduate could survive on his own in Beijing, but now most of them have to rely on family subsidies. 2. What is the reason for this difference? The purchasing power of money is different. What is the concept of the over-issuance of money in the past 20 years? Calculated according to the over-issuance of money, 1,500 yuan 20 years ago. Compared with the current amount of ?29,000. This gap seems shocking enough.

Let me share my opinion on this issue. First of all, I want to say that there are too many ways for young people to get into debt. This is due to the development of the times. It was very difficult for me to borrow 100 yuan from a bank. It required an introducer, a guarantor, and proof of assets. The procedures were complicated and the amount was not high. Nowadays, there are many ways to borrow money and the procedures are simple. The limit is high, especially when online loans are only available at the click of a finger, and with payment methods such as Alipay and WeChat, money is spent invisible and you spend it without even realizing it. , Youqianhua, online merchant loans and other platforms to borrow money.

In addition, people’s consumption concepts are different now. The moonlight people mentioned in the past seem to be a relatively frugal group in this era. , today’s young people basically have to overdraw next month’s money and become indebted.

Young people’s understanding of money has changed a lot. I am born in the 1980s. I have lived a hard life for more than ten years, and I attach great importance to money. No matter what, I will We should save money and try to have some money left over. Every time my wife and I go to the county town to buy things, I try to spend as little as possible. I feel distressed when I spend 200 yuan, but my wife feels like she has spent thousands of yuan. Maybe It's because she has never had a hard time, and she doesn't know how people survive when they have no money.

Today’s high prices and high consumption levels put a lot of pressure on the younger generation. With mortgage loans, car loans, and the cost of living for their children, parents, and themselves, they can only move forward with debt because the threshold for debt is low. , so everyone chooses to live with debt, so don’t live a tight life

The bank will give you a loan and apply for a credit card. It determines how much loan to give you and how big of a credit card to apply for based on your credit score. Today's young people have mortgages, everyone has a credit card, and they spend money in advance. When the money was borrowed, because I wanted to make more money, I lent the money to others, used the money to run a business, invested in stocks, and bought a house and a car. Due to poor management, it was impossible to repay loans and credit cards. In the beginning, I insisted on repaying loans and credit cards every month, but I couldn't afford to repay them, and eventually they became liabilities. Nowadays, many young people are in debt. There are social reasons and personal reasons.