I'm just 30 now. When I was young, the house price here was not expensive, but now it is very expensive. I need to work continuously for 20 years before I can afford to buy a house locally, so I can only choose a loan to buy a house, which requires me to work hard every month and pay back regularly, so I am poor. 2. Consumerism has also played a role.
Many of my colleagues are consumerists. They think that money will be spent and there is no need to save it. So every time they get paid, they will buy what they want to eat, all kinds of clothes, mobile phones they want, and occasionally travel. I think consumerism is also a cause of poverty after 90. Some post-90s generation have to bear the family expenses.
Take me for example, I still have two younger brothers at home, and now the bride price is relatively expensive, so I need to bear part of the cost of the bride price at home, which requires me to make money at home from time to time. On the one hand, the pressure of my own mortgage and car loan is already great, on the other hand, I have to prepare tens of thousands of bride price money for my children at home, so I am very poor now.
In a word, I think there are many reasons for being poor after 90. On the one hand, high housing prices have made this generation bear a lot of mortgages. In addition, influenced by consumerism, many people will spend all their money, and some people will bear the extra expenses.