Younger generation drives online loan boom

Easy money can make life sweet, but borrowers may experience stress and suffering. Zhang Yi reports.

While their parents scrimp and save, putting every possible penny in the bank, the younger generation are more at ease with adopting luxurious lifestyles and spending as they wish, even with borrowed money.

In May last year, Xu Na hired a personal trainer for two months at a cost of about 5,000 yuan ($744), which was almost equivalent to her monthly salary as an office assistant in Fuzhou, Fujian province.