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Articles started commonly appearing ~6-8 years ago about that topic re China. The explanation most of them gave, from interviewing people in China that were act
by adventured 5y ago
Articles started commonly appearing ~6-8 years ago about that topic re China. The explanation most of them gave, from interviewing people in China that were actively making decisions about marriage, had to do with financial challenges in terms of affording it. The people being interviewed usually would talk about marriage being a formula, involving a certain financial context, and that they were putting off getting married because they had other financial obligations (liabilities or otherwise) that needed to come first.
After the great recession era (~2008 forward) Chinese consumers noticeably started loading up on debt. Household debt went from being very modest to being a serious issue. Particularly their debt is a lot more expensive in China, their household debt to income ratio is increasingly dire.
Chart: https://i.imgur.com/C0vnLKZ.png https://i.imgur.com/C0vnLKZ.png
- powerapple 5y agoIt is actually about freedom. Basically when you have more choices, marriage is not something you do automatically when you reach the age. Marriage is stronger when people are financially weak. In poor countries, marriage can happen in very young age because of the financial benefit of it.
- AnimalMuppet 5y agoInteresting. I wonder if it is a consequence of the "one child" policy. That is, if you're an only child, you have to support your parents in their old age (or at least be prepared to do so). That leaves you less prepared to take on the financial obligations of marriage.