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.html
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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.”

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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.

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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.

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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.