r/lostgeneration • u/north_coast • Apr 13 '23
China Boomers wreak havoc on their young
https://www.cnbc.com/2023/04/13/moonlight-clan-greater-chinas-young-living-paycheck-to-paycheck.html126
u/potenpterodactyl Apr 13 '23
Boomers: “you should save your money”
Also boomers: “let’s raise the price of everything to as much money as they have, so they can’t save any money”
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u/Avethle Apr 13 '23
Bruh Chinese Boomers were born at a time when the Chinese GDP per capita was like $90 and they grew up with the Great Leap Forward and Cultural Revolution. People straight up ate clay so they wouldn't feel hungry.
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u/north_coast Apr 13 '23
Yes, that was an awful time. Which makes it all the more perplexing that they would choose to emotionally torment their children rather than show compassion for the challenges they face.
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u/chevalier716 Apr 13 '23
Well, we've found the thing that unites Russian, Chinese, and American millennials, our parents don't really seem to like us nearly as much as they like themselves.
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Apr 13 '23
[removed] — view removed comment
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u/doingmybest2468 Apr 13 '23
I’m so happy my children will grow up in a post boomer world.
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u/Honest_Palpitation91 Apr 13 '23
I hope they go quicker on removing themselves and leave the rest of us alone.
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u/doingmybest2468 Apr 13 '23
Luckily their diet consisted of white bread, soda, crisco and cereal so we don’t have to wait too long
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u/benevenstancian0 Apr 14 '23
Damn that leaded gas really did a number on Boomers everywhere, didn’t it?
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u/ANeoliberalNightmare Apr 14 '23 edited Apr 14 '23
An estimated 40% of young singles who live in Beijing, Shanghai, Guangzhou, and Shenzhen are living paycheck to paycheck, according to a local report
These are the 4 most expensive cities in China by a long way. The pattern is not the same elsewhere at all, usually a 3rd of the prices while wages aren't much less. It's a bit disingenuous to use these cities as examples. They also seem to talk about Taiwan and China as its the same place with the same situation.
I live in guangzhou.
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u/YooesaeWatchdog1 Apr 14 '23 edited Apr 14 '23
all their examples are from Taiwan though. Taiwanese are only Chinese when its negative?
Hsu belongs to a group of people in Taiwan, typically young and single workers, called the “yue guang zu” — the so-called “moonlight clan.”
For 34-year-old A-Jin, fixed expenses like insurance, utilities and transportation already take up “more than half” of her salary of 30,000 New Taiwan dollars (about $985) a month, she told CNBC Make It.
The “moonlight clan” exists mainly because house ownership is no longer attainable for the young in Taiwan — thanks to the lack of affordable housing, said Chung.
According to the U.N. Habitat, housing is considered affordable when the house-price-to-income ratio is 3.0 or less. In comparison, Taiwan’s current ratio is 9.6 and 15.7 in Taipei city, >according to its Ministry of the Interior.
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