Prices continue to rise and consumption continues to increase. Nowadays, everyone is crying about poverty, but in fact, the poorest people are those born in the 1990s. According to statistics, the average monthly income of people born in the 1990s is only 6,500, but the average debt is as high as 120,000! Their debt is a full 18 times their monthly income.

The post-90s generation is responsible for 1/3 of the country’s loans, and half of the money borrowed by Borrowing and Huabei is lent to the post-90s generation. Their monthly salary is used to pay off last month's loan, and it almost never ends. As the country continues to develop, prices continue to rise.

A bowl of fried rice that used to cost 6 yuan has increased to 16 yuan now, and a bowl of beef noodles that costs 8 yuan has increased to 20 yuan now.

Not only are prices rising, but housing prices have also risen to unattainable heights. In 2001, a two-bedroom apartment with one living room in Shenzhen cost 88,000 yuan. Now it has increased to 38,600 yuan per square meter, a full increase of 21 times. In addition to the expenses for food, clothing, housing and transportation, the post-90s generation also has rent or mortgage to pay every month. Although house prices and commodity prices are soaring, the wages of most people have not changed much. The post-90s generation has become a generation that believes in consumerism.

An overwhelming amount of consumption guidance is coming. Dazzling promotions, exquisite life consumption hints, and novel and fancy products have guided batches of young people to consume.

Many young people who cannot withstand the temptation have therefore fallen into the trap of online loans. According to surveys, more than half of people born in the 1990s are using online loans to borrow money for consumption. The debt ratio of these people is as high as 1850%, and more than one-third of them are using loans to support loans.