Recently, an article titled “More than half of the post-90s generation takes online loans” has aroused heated discussion on the Internet. It seems that the income of the post-90s generation cannot support their excessive consumption. However, are the post-90s generation in their 20s really more in debt than the post-80s generation who are in their fourth year?

In this regard, we selected 4 million loan applicants from Suning Financial who were born between 1980 and 1999 as analysis samples, and compared the real debt situation of the post-80s and post-90s generations from various credit data dimensions.

Absolute debt is more for those born in the 1980s

First of all, based on the credit transaction details in the People's Bank of China's credit report, we can count the number of different types of loans taken by the applicant , contract amount, outstanding balance and other information. The greater the number of loans and the larger the balance, the heavier the debt.

Judging from the above set of data, the post-80s generation has to bear heavier debts than the post-90s generation. The average total loan balance of the post-80s generation is 90 2.15 times after.

However, the number of outstanding loans between the two groups is similar, indicating that the post-90s generation uses more small loan products.

You may think that most people born in the 1980s have married and bought houses. Could it be that mortgage loans have increased the average amount of debt owed by those born in the 1980s? After all, the mortgage amount is generally larger, and buying a house is more like an investment than an ordinary consumption.

Next, make a comparison after excluding mortgage loans.

After excluding the mortgage balance, the gap between the average total loan balance of the post-80s and post-90s generations has not only not become smaller, but has become larger. 2.15 times increased to 2.51 times.

In other words, mortgage loans are not the main reason why the post-80s generation has higher debt than the post-90s generation. The real reason is that the income of those born in the 1980s is relatively higher and the loan amounts granted by financial institutions are larger, resulting in the difference in loan balances between the two groups.

The post-90s generation has a higher proportion of credit card overdrafts

Looking at credit cards, as one of the most common and important credit products in life, the usage habits of credit cards It can reflect an individual's debt situation to a certain extent.

In terms of absolute amounts, the current credit card arrears of those born in the 1980s (67,300 yuan) is almost 2 times the current credit card arrears of those born in the 1990s (33,600 yuan). times. The main reason is that the post-80s generation works longer and has higher overall income. The credit limits given by banks are usually higher than those given to the post-90s generation, so the credit card limit utilization rate may better reflect the problem. The data tells us that those born in the 1990s seem to like overdrafting credit cards more than those born in the 1980s, but the difference between the two groups in this indicator is not big.

Monthly repayment amount: The post-80s generation is under great pressure

Combining the loan and credit card arrears, the per capita arrears of the post-80s generation can be calculated The amount reached 219,800 yuan, and the per capita arrears of the post-90s generation was 104,500 yuan. In 2018, the per capita disposable income given by the Bureau of Statistics was 28,200 yuan, which means that the debts of those born in the 1980s are equivalent to 7.8 years of their income, while those born in the 1990s need 3.7 years of income to pay off their debts.

Considering that loans are mostly repaid in monthly installments, and credit cards also support bill installments, we further calculated the average monthly repayment amount of loans and credit cards. It can be seen that the monthly loan amount of those born in the 1980s The repayment amount is 6,300 yuan, which is significantly higher than the per capita disposable monthly income (2,400 yuan). The monthly loan repayment amount for the post-90s generation is 2,800 yuan, which is a relatively affordable figure.

Compared with loans, the biggest problem for those born in the 1980s and 1990s is how to repay credit cards on time every month? Even considering that young people know how to make reasonable use of the interest-free period of credit cards, the real debt is not as high as on paper, but the average monthly credit card repayment amount of tens of thousands of yuan is not easy for most people born in the 80s and 90s.

The degree of financial stress is the same

The number of times an individual applies for new loans and credit cards can reflect the degree of financial stress, which is reflected in the credit report. Query records. When approving loans and credit cards, financial institutions will query the applicant's credit report to assess the risk. In other words, the greater the number of queries and the number of institutions, the more urgent the user's desire for funds.

The People’s Bank of China’s credit report shows that the number of loan applications of the post-80s and post-90s generations is very close. It seems that the post-80s generation is more active than the post-90s generation in credit card applications. The average in the past two years The number of applications increased by 1.7 times.

It should be pointed out that the credit application institutions in the Internet credit data of the post-80s and post-90s generations are basically the same, which at least shows that the demand for online loans between the two groups is at the same level.

The number of loan overdues is slightly higher for those born in the 1990s

The number of credit overdues can directly reflect an individual’s willingness to repay and ability to perform, and the People’s Bank of China credit report Data shows that the number of loan overdues for the post-80s generation is less than that of the post-90s generation, but the number of credit card overdues is higher than that for the post-90s generation.

Considering that the average number of credit cards owned by the post-80s generation is higher than that of the post-90s generation, there is not much difference between the two groups in terms of the proportion of overdue credit cards. The post-90s generation has fewer loans and more overdue loans, which is worth noting.

Summary

Below, use a picture to summarize this article: Judging from the information reflected in the People’s Bank of China’s credit report, the amount of debt owed by those born in the 1980s is relatively high. Their monthly repayment pressure is greater. The credit card overdraft rate and number of defaults of those born in the 1990s are higher than those born in the 1980s, and the financial stress of the two groups is about the same.

Finally, it is a cliché. For loans, you should choose formal products from licensed institutions. If you do not pursue advanced consumption, young people who overdraw their credit are overdrawing their future.