Younger Generation Drives Online Loan Boom

April 18, 2019
By Zhang YiEditor: Wei Xuanyi
File photo

 

Easy money can make life sweet, but borrowers may experience stress and suffering. While their parents scrimp and save, putting every possible penny in the bank, the younger generation are more at ease with adopting luxurious lifestyles and spending as they wish, even with borrowed money.

In May last year, Xu Na hired a personal trainer for two months at a cost of about 5,000 yuan ($744), wh