2026-01-11 04:24:06

$RIVER The recent data released by the central bank made me laugh.

Among 1.15 billion adults in the country, 73% are in debt. More surprisingly, 650 million people are simultaneously owing on mortgages and car loans, accounting for 74%. The debt is mainly concentrated in three areas: 482 million people with mortgages (57%), 375 million with credit cards, and 187 million with car loans.

In terms of age groups, those aged 20 to 40 have a debt rate as high as 85%, and those aged 40 to 55 still have 73%, only after 55 can they breathe a sigh of relief. To some extent, reaching 55 years old is indeed a form of liberation.

Credit cards are the most chaotic—default rate around 3%, with an average debt of 50,000 yuan per person, and approximately 30 million overdue cards in 2024.

But here’s a particularly counterintuitive phenomenon: people with a bachelor’s degree or higher have a debt probability as high as 85%, while those with high school education or below only have 42%. The more educated, the more likely to be in debt—this gap is truly magical.

The conclusion is: read less, live until 55, and you can basically be debt-free and carefree. Of course, this is a joke, but the reality is indeed a bit outrageous.

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TokenomicsTrapper

· 10h ago

nah wait actually if you read the debt structure... those college grads are just getting liquidated on the amortization schedule. textbook greater fool theory but make it mortgages lol

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ProofOfNothing

· 10h ago

The more I read, the more I go into debt—this logic is so surreal, no one else can match it.

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GasFeeNightmare

· 10h ago

Damn, with a bachelor's degree, the debt is even higher. Is this the cost of studying?

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PseudoIntellectual

· 10h ago

Wow, with a bachelor's degree, 85% debt? Going into debt just to get an education, how does this deal work?

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IntrovertMetaverse

· 10h ago

Damn, 85% of undergraduates are in debt? Isn't that the trend of the more you study, the poorer you get? The richer you are, the more you want. People with a high school education actually live happier lives. It was about time to launch a "study less, relax more" movement. Suddenly I understand why some people dream of returning to the era of being a top student in a small town. This data is really heartbreaking, I feel like I’m among that 73%. Mortgage, car loan, credit card debt—these are the standard sources of pain. Only at 55 can I breathe a sigh of relief? Then I still have more than twenty years to endure. An average of 50,000 in credit card debt—that's outrageous. My monthly salary can't even pay it off. The more you study, the more competitive you become; the more competitive, the more in debt—a perfect vicious cycle. Laughing to death, having a bachelor's degree is actually a sign of being in debt.

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