Why do these young people become poorer the more they earn

The following is the Why do these young people become poorer the more they earn recommended by recordtrend.com. And this article belongs to the classification: Life data.

This is the 4th issue of “omics research” produced by Netease cultural and creative digital reading.

“Omics research” is a column focusing on Douban group. Douban group is a magical existence. It gathers all kinds of fun young people and provides many topics for the Chinese Internet.

To understand young people, first read “omics”.

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22 years old, just worked for 4 months, with a salary of 2000 during the probation period and a debt of 10000;

At the age of 27, the loan liabilities for early consumption are 112000;

How to survive from the bottom of the valley if you have 100000 debts, depression and family members to support;

Business failure with friends 10   Wan, be a delivery rider to pay back the money;

……

These are the posts that can be seen everywhere in the “debtor alliance” of Douban group. The amount of debt in the posts is often hundreds of thousands, which is the source of anxiety and pressure of the poster. From the content of the post, “ahead of consumption”, “fraud”, “car purchase” and “investment failure” are the common reasons for their debt.

Netizens ridiculed that “once you enter the Internet, the loan is as deep as the sea”, while you can’t help but tempt to buy. When you have no money to pay back, you can only support the loan with a loan, and the debt is getting bigger and bigger.

Debt has become an unbearable burden in the lives of some young people.

There are a lot of young people in debt

On the eve of double 11 last year, “debtor alliance” rushed into the microblog hot search, and then it frequently appeared in everyone’s vision. At present, the number of team members has exceeded 30000.

Behind the continuous expansion of the group is the cruel reality: this young people have begun to be in debt.

According to the report on the debt situation of Chinese young people released by Nielsen, 86.6% of young people aged 18 to 29 are using credit products, that is, only 13.4% of young people have zero debt.

It sounds a little unreliable for so many young people to enjoy today’s music with tomorrow’s money, but the real situation is not so exaggerated. 42.1% of young people use credit products such as Huabai and credit cards, and pay off their debts within the interest free period. If this proportion is deducted, the proportion of substantive liabilities among young people is 44.5%.

Among them, the proportion of substantive liabilities of the post-90s is the highest, 57%, which is much higher than 21% of school students and 39% of the post-90s.

Interestingly, many young people in debt have a common feature: high education and earn more.

High paid and knowledgeable young people have more debts, which does not mean that they are the main force in the debt crisis. They have a certain ability to repay, have more confidence in the future and are more inclined to debt consumption.

Debt is not the root of all evil. The rational use of debt can enable some people to make full use of the time value of funds. Some people get rid of difficulties and others earn more money. Of course, there is an important premise – “rationality”.

The reason why the “debtor alliance” can poke everyone’s pain point is that unreasonable debt makes the situation out of control, and the lives of these debtors are stepping into the abyss.

Why are you at the bottom of debt when you are young

Different from middle-aged people who have already established a family and business, housing loans have a limited impact on the debt ratio of young people. The pressure to repay the loan is better than the alarm clock, but most young people have no money or are not qualified to buy a house when they first enter society.

Therefore, most of the borrowed money was spent on “buying”. Internet installment consumption and credit card are the two most commonly used credit products for young people, and 30.6% of their monthly income is used to repay these loans.

Compared with credit cards, although the amount of Internet installment products is small, they are convenient to use, do not need an annual fee, the application threshold is more relaxed, and the penetration rate among young people is significantly higher.

Meeting the basic living expenses, improving the quality of life and leisure and entertainment are the main consumption purposes for them to use credit products. It is these seemingly ordinary consumption that put them on the mountain of debt.

The supermarket buys a bag of snacks, pays for a fruit at the fruit stall, and then buys a piece of clothes and sneakers… It doesn’t feel like it costs much to pay for Internet installment products such as Huabai, but a little makes a lot, and even starts to consume ahead of time, it may be out of control.

There are many such examples in the “debtors alliance” group: at first, they didn’t resist spending lavishly for a commodity they like, and they counted the money improperly, and then they got deeper and deeper:

The income received in 2016 was 60000 / year. The loan enabled me to continuously have skin care products, clothes and iPads that did not match the income. In 2017, I had a debt of 50000-60000… It was intolerable that the quality of life decreased and there was no additional income. As a result, I had a debt of 282386.43 by the end of 2020.

Some people boast that they are warm men. They spend a lot of money at ordinary times. After falling in love, they spend tens of thousands of yuan a month. Finally, the debt became bigger and bigger, and even the loan was used to support the loan. I could only cry and confess to my family:

Borrowing money from one platform to pay back another platform lasted for more than two years… Every time I went out with her, I paid for dinner and shopping. Later, I really got out of control and asked for more and more. I really couldn’t support her request, so that I had to pay back tens of thousands every month.

In addition to love, social networking, sports, fitness, health care or beauty, people may also fall into a bottomless pit of debt:

He was young and not sensible before. He was brainwashed by cosmetic institutions and loaned 60000 for cosmetic surgery at one go. At the beginning, I was able to pay back a little. The outbreak of pneumonia directly led to unemployment. Now they are unable to pay back. Their parents receive phone calls and text messages from the loan company every day.

It seems that if you can control your desire to consume, you can relax? But tomorrow and accident, you never know which will come first.

The mother of a member of the “debtor alliance” group suddenly fell ill and paralyzed at the end of 2019. He has always been a moonlight family. In order to take care of his mother, he owed 30 yuan   Million in debt, but you can only save 40 million a month   Yuan, had to ask for help in the group:

Mother money saw a doctor and bought a house without a house property certificate in the school for my mother, which made me owe more than 300000 at once. Now there are more than 70000 borrowers, tens of thousands of credit cards, 30000 relatives and 140000 families.

Some people invested in futures with ambition. From loss to several rounds of covering positions, they finally had a debt of 740000 yuan. Others were depressed after a car accident. They chatted with netizens on the music platform to relieve their boredom. The more they talked, the more they speculated. Unexpectedly, the other party was a liar. From then on, they fell into a “pig killing plate” and were cheated for 130000 yuan. They had no choice but to join the “debtor alliance” to complain.

How terrible is runaway debt

The reasons for debt vary, but the result of debt is often only two: either pay back or destroy.

We have counted the debts of the group members of the “debtor alliance”. Only from the amount shown in the title of the post, the average amount owed by the group members has reached an amazing 367000 yuan.

This data may be affected by some extreme data, but from the median point of view, the average arrears also reached 160000 yuan, and the arrears of most members ranged from 100000 to 500000 yuan.

At the beginning, the amount of money owed may be just a small hole. Once it gets out of control, it has to tear down the west wall to make up for the east wall, and finally it is heavily in debt.

The number of “overdue” on the lending platform is increasing every day, and the number is increasing, and the psychological pressure is also increasing. In the posts in the “debtor alliance” group, “anxiety”, “pressure”, “terrible” and other words expressing negative emotions are common.

Debt that cannot be filled is like driving a carriage. Once it gets out of control, it is difficult to get back on track.

The collection means of online loan platform are diverse, and continuous phone calls are often the first step. Without money, many debt collection companies will start to “burst the address book”, find the phone numbers of the debtor’s relatives, friends and colleagues, and ask them to urge the debtor to repay the money, and even “violently collect” you:

Yesterday, I called two friends, and I was told to send materials to the company and registered residence today. Alas, I dug my own pit. Now start to bear it. If you plan to explode your address book, you’ll just drag it and pay back the money you owe your friends first.

In addition, if the credit card is overdue beyond the grace period, it will leave a bad credit investigation record. Huabai and Jingdong Baitiao have also begun to access credit investigation, and the bad credit investigation record will be retained for five years.

Being collected, breaking the address book, affecting the credit investigation, being sued… The debt suffering of the debtor is more like a linkage network, surrounded by people:

He has been prosecuted four times a month and two broken promises. At present, Lao Lai Zhong is restricted from high consumption; More lawsuits and disputes are still on the way. I didn’t expect to be able to go ashore in the future. I just walk around like a corpse. I am urged, visited, discriminated, my salary is deducted, and I go to the Public Security Bureau, the court and the inspection court.

Moreover, it should be understood that failure to pay debts will not only affect one person, but also drag their families into the bottomless pit of debt and sink together:

The newly married husband has a debt of more than 100000 for selling cars and opening stores… This year, the epidemic in Wuhan suddenly broke the cash flow balance and began to borrow money through various online loans. He wanted to cry every day when he thought about the debt of 800000. He couldn’t sleep at night. If he didn’t have children, he would have divorced long ago.

How to get ashore in the vortex of debt

Faced with the mountain of debt, more than 30000 debtors huddled together in the “debtor alliance” to keep warm and encourage each other, and wanted to go ashore as soon as possible.

The leader of the group, the “European emperor in the sky”, wrote in the group rules, “no matter what causes you to be in debt, you are welcome to join the group to punch in and pay off the debt and slowly change the deposit from negative to positive.” it is the common goal of the members of the “debtor alliance” to withdraw from the group as soon as possible.

In the “debtors’ union”, people call paying off the arrears ashore. At present, many team members have successfully landed and written down their landing road.

They summed up many ways to go ashore, including finding a stable job, confessing to parents and lovers, raising income, sorting out arrears, interest rates and so on.

“Come on” and “work hard” are the most common words in the landing post. The team members encourage each other and hope that they and each other can work hard, improve their income and stick to the day of landing.

They will suggest part-time jobs in their posts to remind each other not to believe in jobs that make fast money. Some team members recorded the process of paying off their 50000 arrears by taking many part-time jobs:

Crazy to find a part-time job on the Internet, do 100 first   Yuan a day as a typist, and later as a sorter in Haitao, working 24 hours a day, 240 hours a day   Yuan, sell things you don’t need, and rent out your car for people to run Didi. Finally, after more than a year of efforts, the arrears were finally cleared.

Some team members put forward a rational repayment scheme. It is suggested that the indebted team members list their expenses and repayment plans in detail in tables, calculate interest, increase revenue and reduce expenditure, and gradually go ashore.

It is also a suggestion given by many team members to confess to their parents, relatives and friends. Many people procrastinate for reasons such as good face, fear of sadness and disappointment of their relatives, but some netizens got their parents’ understanding and help after confessing, and were “forced ashore” by their families:

Finally, the family confessed. The family was very sad and disappointed. After all, they helped twice… Although their parents were angry and disappointed, they finally tried to solve the online loan together. Other friends in the group who are still at a loss have a piece of advice. If you can confess early, confess early. Don’t make mistakes bigger and bigger. If you can’t end up in the end, no one will help you.

It is a good start to face up to your debt problem and start ashore, regardless of the reasons for losing control of debt and how much debt you have, or to be overwhelmed by the desire to consume, or to be dragged into the abyss by the misfortune of life.

Whenever a team member successfully landed, the members of the “debtor alliance” did not hesitate to praise, and the reply was full of “Congratulations” and “happy for you”. Team members who sympathize with each other are often better able to help those in debt to re plan their lives. The experience of those who landed has added confidence to those who are in debt.

In Jin Yong’s martial arts novels, when the great Xia falls into the canyon, he can often get the help of experts and finally practice divine skill. However, for those who fall into the deep valley of debt, the “debtor alliance” can also be a platform to vent their emotions and seek experience.

Some people learn from experience and start again, but not everyone is so lucky. Some people may stay at the bottom of the valley forever until the wave of debt sweeps him completely.

————

There are two kinds of people in contemporary society, one with a cat and the other without a cat. Smoking cats is the biggest source of happiness for contemporary people. All unhappiness, stress and anxiety will disappear in front of lovely cats. Even if you don’t have a cat, you must have sucked a cat.

Keeping a cat for one day and being a slave for life is very happy, but it also has a lot of troubles.

Defecating everywhere, jumping up and down in the middle of the night, and biting furniture… All these are challenging the bottom line of the patience of the excrement shoveling officer. However, what the excrement shoveler fears most is that the cat is ill. Every trip to the pet hospital makes the poor family worse.

From: Netease digital reading

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