Chinese Economics Thread

HighGround

Senior Member
Registered Member
However, it remains extremely difficult for young people in China to afford a home in cities solely through their salaries. Young adults from ordinary families often require substantial financial support from their parents to start a household. My former boss once lamented this very issue: "In China today, it's the middle-aged and elderly who hold the wealth, while young people have barely a penny to their name!" I hope that China's high-quality growth over the next five to ten years will create more decent, high-paying jobs for the younger generation.
This is the case in most developed societies. Accumulation of wealth simply takes time.
 

zbb

Senior Member
Registered Member
My former boss once lamented this very issue: "In China today, it's the middle-aged and elderly who hold the wealth, while young people have barely a penny to their name!"
Isn't that normal and expected? People who have worked and saved for ~30 years should have a lot more wealth than 20 somethings who just entered the work force.
 
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