According to the authoritative organization, the Report on the Debts of Young People in China was released. The report shows that the average debt of the post-9s generation in China is about 127,, and the overall ratio of debt to income is 18.5.

Coincidentally, another set of data also shows that in China's lending market, the post-9s generation accounts for half, ranking first. There are 175 million post-9s generation in China, among which 86.6% will choose to use credit-related products. What's more, young people born after 199 will directly regard it as a common tool.

It is worth mentioning that only 42.1% of the young people in debt have the financial strength to pay off the loans they owe. The total amount of credit loans overdue for half a year has reached 89.2 billion, which is almost 11 times compared with 1 years. Among the people who don't pay back their credit in loans overdue, the post-9s generation accounts for half of the total.

Reasons for post-9s debt:

Many post-9s people don't have high income, but they want to enjoy a high-quality life, which leads to the mismatch between their income level and their spending power. When post-9s people find that their financial conditions are simply unable to support high consumption, they can only overdraw credit card lines and spend money in advance. As a result, many people are still unable to repay their debts after the interest-free period, so they can only pay fines and late fees.

Some banks and online lending platforms allow young people to pay their debts in installments, but they pay high interest. Therefore, in the end, many people can't escape the debt-ridden result.