Credit cards have indeed harmed many young people, but it is not because they have to pay back the money they borrowed. Moreover, it is too easy to borrow money with credit cards, which makes young people borrow more and more, leaving them with high debts and leaving many people with high debts. Taking on high debt at a young age leads to a debt-ridden life. 2020 National Credit Card Issuance Data

In the past ten years, the number of credit cards issued in our country has increased by leaps and bounds. This shows that more and more people are applying for credit, and more and more people are using overdrafts to consume. Come more and more.

As shown in the picture above, this is the number of credit cards issued by major banks in the country as of 2020. Since 2011, the number of credit cards issued nationwide was 285 million, and it is estimated that the total number of credit cards issued nationwide in 2020 will be 897 million.

Based on 1.4 billion people in my country, there will be an average of 0.64 credit cards per year in 2020, compared with 0.47 credit cards per capita in 2018. The per capita credit cards have increased significantly in 2 years. Data in the Era of National Debt

According to the "2019 China Youth Debt Situation Report", this report mainly investigates the age group between 19 and 29 years old. People in this younger generation are heavily in debt. .

As shown in the figure above, it can be seen from this data that the current debt ratio of young people in 2020 has been as high as 86.6%, and now only 13.4% of young people have no debt.

This shows that the debt ratio of young people is particularly high. "Nine out of ten people are in debt" is not a fiction, but a real data. Most of those who are in debt have various types of credit, with credit cards accounting for the highest proportion. How many young people have been harmed by credit cards?

The above has examined the latest total number of credit card issuances in my country and the current debt ratio of young people. Two conclusions can be drawn from these two sets of data:

1. Use credit cards There are more and more young people

2. The debt ratio of young people is getting higher and higher

You must know that credit cards have harmed so many young people. It is not entirely the fault of credit cards. I think the main reason The reason is still to blame the young people themselves, who have developed the habit of living a life of excessive wealth.

There are reasons why credit cards are harmful to people. There are three main reasons:

Firstly, it is too easy to borrow money with credit cards

Secondly, the interest rate on credit card loans is too high

Third, the credit card loan limit has increased too fast

Of course, young people have been harmed by credit cards, and young people bear the main responsibility, mainly in the following aspects:

Secondly, young people are unwilling to go to work and lose their income

Thirdly, young people only want to borrow money and do not want to pay it back

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So credit cards and young people have many shortcomings. They hit it off like this. Credit cards have indeed harmed many young people. I don’t know how many people are lying in credit card debt and cannot extricate themselves.

Summary analysis

Credit cards have harmed young people. Despite this, young people still fall in love with credit cards. Young people feed credit cards and ultimately feed banks.

So I would like to advise everyone here, it is best to stay away from credit cards and stay away from overdraft consumption; in addition, you must understand that credit cards are for emergencies, not for the poor. The more you use credit cards, the poorer you will become.