“If you want to own a home, stop buying brunch," they say. Meanwhile, under 30s are at risk of injury from the world's biggest eye roll (白眼).
But it is not tasty food like avocado, fast fashion or even travel abroad that's holding a generation back from achieving those traditional milestones - and we finally have some evidence to prove it. In fact, those aged 18 to 30 are more likely to be savers than any other age group, according to new research. Far from being wasteful, an overwhelming 84% of these young people are trying to save.
The real problem lies in the fact that younger people tend to have higher expense when spending on essentials compared to our older counterparts (对应的人)-and that house prices are at an all-time high.
The research also finds that nearly half (47%) of 18 to 30-year-olds have “low financial resilience” - they have little capacity to pay bills in the event of a financial shock.
Young people are significantly more likely to have fallen behind on domestic bills and credit card repayments in the past six months, at 31%, compared with 3% of those aged 51-plus, the research finds.
“Despite the criticism that young people often face, regularly accused of spending too much money on coffees and food and not being financially prudent (精明的),our new research shows just how much young people are trying to look after their finances and save for the future — more so than any other age group," said Ben Glover, the lead author of the research.
“Amid a cost of living crisis, younger people still face the greatest battle with the highest spending on essentials, a lack of support and a system that doesn't work for them.”
Ben also says it's time for the Government, policymakers and financial institutions to urgently work together to help improve young people's financial well-being and prospects, especially after the pandemic.
So there we are: nothing to do with avocado.
8. What can be one of the traditional milestones?
A.Buying a house. | B.Traveling abroad. |
C.Eating tasty food. | D.Following the fashion. |
9. What leads to young people's financial difficulty?
A.Frequent financial crisis. | B.Lack of the habit of saving. |
C.High spending on basic necessities. | D.Limited ability to earn money. |
10. Which best describes Ben Glover's feeling about young people?
A.Proud. | B.Critical. | C.Expectant. | D.Sympathetic. |
11. What is the best title for the text?
A.Money Saved for a Better Life | B.A Simple Truth About Young People |
C.New Opinions on Money Management | D.Our Unrealistic Expectation of the Young |