A recent HSBC survey shows the debt-to-income ratio of China’s post-90s generation (typically born between 1990 and 1995) has reached a staggering 1,850 per cent. Photo: Shutterstock A recent HSBC survey shows the debt-to-income ratio of China’s post-90s generation (typically born between 1990 and 1995) has reached a staggering 1,850 per cent. Photo: Shutterstock
A recent HSBC survey shows the debt-to-income ratio of China’s post-90s generation (typically born between 1990 and 1995) has reached a staggering 1,850 per cent. Photo: Shutterstock
Jing Daily
Opinion

Opinion

Jing Daily

Why Chinese millennials are willing to max out their cards for luxury goods

As a group that desires instant gratification, young people are willing to embrace a life of debt in order to own high-profile luxury goods – from Gucci bags to Chanel jewellery – but is this a sustainable spending model?

Jing Daily
Jing Daily

Updated: 12:58pm, 7 Jan, 2019

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A recent HSBC survey shows the debt-to-income ratio of China’s post-90s generation (typically born between 1990 and 1995) has reached a staggering 1,850 per cent. Photo: Shutterstock A recent HSBC survey shows the debt-to-income ratio of China’s post-90s generation (typically born between 1990 and 1995) has reached a staggering 1,850 per cent. Photo: Shutterstock
A recent HSBC survey shows the debt-to-income ratio of China’s post-90s generation (typically born between 1990 and 1995) has reached a staggering 1,850 per cent. Photo: Shutterstock
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Jing Daily

Launched in 2009, Jing Daily is a leading digital publication on luxury consumer trends in China. Professionals seeking to understand China’s complex and rapidly evolving luxury industry look to Jing Daily for fresh and accurate insights. They publish up-to-the-minute news updates, reports on key trends, insights from leading industry figures, and in-depth analysis on this vitally important market.