2026-01-11 10:27:15

A recent set of macroeconomic data has sparked discussions. Among the 1.15 billion adults in the country, 73% are in debt, with the debt rate among the 20-40 age group reaching 85%. Mortgage and car loans have become a dual burden for most people, with approximately 650 million individuals carrying both types of loans simultaneously.

Interestingly, the higher the education level, the heavier the debt. The debt probability among those with a bachelor's degree or higher reaches 85%, while it is only 42% among those with a high school education or less. The credit card market shows another form of pressure — a default rate of 3%, an average debt of 50,000 yuan per person, and 30 million overdue cards.

Against the backdrop of such high macro leverage, many are beginning to consider: Could digital assets become an alternative under the pressure of traditional finance? This is a question worth paying attention to.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
4
Repost
Share

Comment

0/400

ZenZKPlayer

· 01-11 10:55

Oh no, an 85% debt ratio... My undergraduate degree belongs to the "self-inflicted" type of people. Mortgage, car loan, credit cards—these three mountains are truly overwhelming. Ironically, people who haven't gone to school seem to live more easily. Is this a joke? Digital assets? Honestly, it's still gambling; just borrowing money elsewhere. Wait, 30 million overdue cards? How many people must be worried about this? Higher education actually leads to more debt... Turns out studying really is useless.

View OriginalReply0

RugPullProphet

· 01-11 10:51

Uh… the more you read, the more debt you accumulate? That logic is incredible, no wonder I’m still here. Mortgage, car loan, credit card—triple threat, really being pressed down and rubbed into the ground by life. Instead of waiting for default, why not gamble on something on the chain? Anyway, it's all a loss. 1.3 billion people simultaneously carrying double loans… won’t there be a systemic collapse… Higher education levels actually lead to higher debt ratios, this slap really hurts. A 3% default rate sounds small, but 30 million cards are unpaid… how many people can’t sleep at night? Web3 to save the day? Or another big show of cutting the leeks? Let’s see who runs faster.

View OriginalReply0

Ser_APY_2000

· 01-11 10:45

650 million people with dual loans for housing and cars, this number is truly incredible, feels like I was destined for it The higher the education level, the heavier the debt? Then I should be grateful I didn't get into a bachelor's program haha 30 million overdue cards, how many sleepless nights are behind that So does the crypto world really have a way to save lives, or is it just another trap

View OriginalReply0

GateUser-ccc36bc5

· 01-11 10:34

Look at this data... I really can't take it anymore. An 85% debt ratio is truly outrageous. Our generation is really trapped. Huh? The more you read, the more debt you have? That logic is a bit ironic. The phrase "knowledge changes destiny" might need a question mark. 30 million overdue credit cards, 650 million people with mortgages and car loans... Honestly, I want to see if digital assets can break through, but it also feels like a trap. This calculation is hard to figure out. With two sets of loans pressing down, just getting by is already good. High education, high debt. I just want to ask, what’s the point? Credit card default rate at 3%? That’s quite high. Who can withstand that? Suddenly I understand why more and more people are going all-in on crypto. Anyway, the traditional path doesn’t work. The national condition is like this. What can we do? Just exhausting. 88% debt ratio... Is this what a normal society should look like? It feels a bit surreal. Will Web3 really become a savior? I’m not too convinced, but there’s no other way.

View OriginalReply0