Chinese post-00s, who were born since the year 2000, are turning adult in 2018. Comparing with post-90s' past consumption, post-00s save more with higher purchasing power and autonomy.
Post-00s has much more affluent material life
The savings of post-00s are around 3 times more than that of post-90s when they were at the same age. The average saving of post-90s was 815 yuan before 19 years old while that of post-00s is 1,840 yuan.
Generally, post-00s have higher household income, which makes it possible for some post-00s to go abroad at their young age. In addition to higher purchasing power, they also have greater financial autonomy and are able to make choices by themselves.
Independent
Since most parents of post-00s received a higher education, they are more open-minded and ready to allow more tolerance to their child. Teachers at school also encourage students to think independently.
Being raised in a more open and inclusive atmosphere, 66% of them are able to m...
Already subscribed? Sign in.
Don't Miss Out.
Invest with as little as one bottle of water per week.
Join other top analysts and business executives and navigate the unique market with China Internet Watch.
Cancel at any time