Getting a head start saving for the future
By Chen Meiling | China Daily | Updated: 2019-09-14 07:36
The post-1990 generation is shaking off its stereotype as yue guang zu, or "moonlight clan", who run out of money every month and have no plan to save any. A recent study by Alipay and China New Economy Research Institute shows that the younger generations are becoming more cautious with their money - they have plan for savings; they are more careful in consumption; and they begin to manage their finances at an early age.
The results can be seen in how they use Chinese digital credit platform Huabei and major internet money market fund Yu'ebao, two platforms created by China's tech giant Alibaba.
Ten truths about how the 20-somethings manage their money:
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