Kudos to the young generation who are not kidnapped by consumerism.

@user-ie5tg5fs3m

8 ай бұрын

you will own nothing and be happy WHO

@BManStan1991

8 ай бұрын

​@mnq577 maybe yes maybe no. In the US the great depression caused many who were raised during that era to be extremely frugal the rest of their lives. I have a grandma who lived during the great depression and she acted as if she had no money the rest of her life even after she did have money.

@user-ie5tg5fs3m

8 ай бұрын

yes but without consumers, companies and factories hav to shut down . ..

@edilee5909

8 ай бұрын

I grew up poor and have always been frugal. Money is an instrument of security and not excess consumption for me. I presume this will be increasingly common as everyone except the select few can afford to consume in excess

@comchadelalora

8 ай бұрын

😂😂😂😂😂😂😂😂

Being frugal is being rational because you don't need to spend money on unnecessary things. It's different from being cheap. If someone needs to go shopping all the time, that's an unnecessary addiction that needs to be cured.

@PerpetualJoy

8 ай бұрын

Exactly. Frugal is a good quality that would benefit everyone. It's the happy medium between "cheap" and being a "spendthrift"

@kat9587

5 ай бұрын

Well said 🙏

@Lazarev666

2 ай бұрын

oh come on ! frugal is cheap There are no rich and frugal people 😅

@Lazarev666

2 ай бұрын

​@@PerpetualJoy how frugal can be good ? how lack of money can be considered good ? Crazy ?

@DR_1_1

2 ай бұрын

1:45 she's already overextended, she's not frugal by choice, but because she can't afford it.

It's strange that frugality amongst the youth seems to be presented negatively in China, while in Western EU our students are all the rage about frugality for ecological concerns and this is seen as favorable...

@maywalker997

8 ай бұрын

It's because if people don't spend then the economy might stagnate or tumble

@jjsamuelgunn1136

8 ай бұрын

@@maywalker997 right, they should follow American government's example and keep borrowing in order to spend money they don't have.

@jjsamuelgunn1136

8 ай бұрын

@@DeadManWalking-ym1oo i think the next video just answered you. they spend on local products instead of foreign brands

@jiffonbuffo

8 ай бұрын

Have you forgotten how THAT region (west) views non non-westerners as subhumans? West is a garden, the rest is a jungle? 😅

@muchasganas5616

8 ай бұрын

China and the USA are looking at the decrease of consumption by millenials and genz badly nowadays. A couple of months ago there was news from USa that MZ gen are not eating out and the whole tone of the news is gaslighting the generation for not consuming. However, the MZ gen are having a hard time affording basic needs at the moment due to hyperinflation and stagnating wages. The older generations did tell us to save but whenever the economy slumps, we are told to spend to keep things going.

Good job Gen Z. Don't be sucked in by the greedy monster of envy and consumerism that plagued the generation before you. Everyone is crying about not making money but spend lavishly on luxury items. Do you know the biggest company in Europe is now LVMH. Not Nestle. Not Roche. Not Shell. But a company selling luxury goods.

@alimfuzzy

8 ай бұрын

And guess who's buying it? Don't believe this video. Gen Z spends just as much on luxury goods as other generations, difference is they are willing to go into debt to buy it. You don't think all that luxury influencers have an impact on their audience? And guess who their biggest audience is? Gen Z and younger millennials.

@user-lvqk2wdp8sjn

4 ай бұрын

But . . . But . . . But . . . the most important thing in the universe is to be *COOL:* you have to act cool, talk cool, walk cool, exude coolness. However, in order to really _be_ cool, you have to keep up with the Joneses. What this means is having a cool sports car or luxury car. In that manner, everyone will admire and respect you, be your friend - and all the women will love you. BUT, if you do NOT have a sleek, new cool car, people will look down upon you as childish, a nerd, a wimp, a loser, failure, a nobody (and no one will be your friend or want to marry you).

@vlad5042

3 ай бұрын

@@alimfuzzyeven if gen z are buying luxury goods they 100% are not the main buyers. older people have always bought more luxury goods. yknow, cuz they have more money, usually.

@alimfuzzy

3 ай бұрын

@vlad5042 gen z rake up more credit card debt than any other generation. They can't afford it, they stupidly take on debt to buy.

@lawrencez.6902

3 ай бұрын

​@@alimfuzzy I think you might be generalizing western consumerism & the current situation in China/other East Asian countries into the same bucket. I agree that here, at least in the US where I live, spending is crazy as ever, it's like ingrained into our culture. Seeing fellow students (I'm 15) shopping right after school or even during class is quite common. But from what I've seen in Chinese media, their day to day life is very very different from us in that it's mostly studying, work, and saving (... besides the crazy social media beauty standards 💀). If anything, I'm surprised that Chinese Gen Z is not spending _more_ overall than Gen Z in Europe & NA.

*Basic produce reaches record high prices "KIDS ARE SPENDING LESS!"

NICE JOB saying NO to those luxury brands! keep it up!

@ffbeexaid4509

8 ай бұрын

Yup and lots of these luxury brands are from the West.

As a Gen Z-er from the US, good job you guys!

@jonesjermaine4387

8 ай бұрын

We don't need your pity Round Eyes

As a gen Z in China, I can say that she is spending more than average. During my undergraduate study, I found the majority of us students receive less than 400 SGD per month. This is because the food price in university is subsided by the gov, I can get decent meals for less than 7 SGD a day( breakfast

@CouncilforWorldMission

8 ай бұрын

China is a 3rd world country. Chinese ppl earn as little as $5 SGD a day. There are of course cheaper options in China.

@Vincent-mv6ux

8 ай бұрын

@@akiraaaaaaaaaaa if she's in mainland China and not Macau or HK then yes.

@jimc1654

8 ай бұрын

It is ok.. Daddy and Mommy is paying for it. It looks like all Gen Z from most countries are having the same problem.

@Cecilia-

8 ай бұрын

OP said SGD @@akiraaaaaaaaaaa

@zhoma982

8 ай бұрын

​@@akiraaaaaaaaaaa今年还吃得起茶叶蛋吗？

Nothing wrong with being frugal, having a personal financial discipline/literacy, whatever you call it.

It has been a tough few months, filled with hardships and struggles globally. From economic challenges, job losses, market volatility, conflicts in various regions, and financial difficulties, it feels like everything has been going wrong. How can I make ends meet during these tough times?

@Rhgeyer278

8 ай бұрын

I couldn't agree more. Taking charge of your life and putting in the hard work is the path to success. Having a portfolio manager like Mr. Samuel Peter Descovich is a game-changer. Their expertise and guidance can truly transform your financial journey. Making $35,000 in profits each month and saving 70% of that is quite impressive!They save you time and provide valuable insights that lead to impressive profits. Keep up the amazing work, and enjoy the fruits of your labor..

@Ashleycorrie8494

8 ай бұрын

Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. he appears knowledgeable based on his online resume.

@allympili3437

8 ай бұрын

Samuel Peter Descovich is the go-to financial advisor during market turmoil. With his expertise, I made over $220K, revealing hidden market opportunities. Having an investment counselor is crucial, especially for those nearing retirement.

@Seanmirrer

8 ай бұрын

Found his website easily. It was like the first thing that came up when I searched his name. I'll surely touch basis with him to see what the best step is for me to take right now. THANK YOU!!!

@Bradleyschaeffer376

8 ай бұрын

There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do well. This can be accomplished by hiring a knowledgeable specialist like Samuel Peter Descovich whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.

When I was young, I worked in a lavish "American" company as a low level employee where the company would subsidized our lunch for RM4 / day, I manage to eat only RM1 per day (that's 10 years ago), making my monthly expense for lunch only RM30+ (excluding weekends), and most higher ups with higher pay wouldn't even bother eating at the canteen, so they'd throw me a bone and gave me their tags (that's how we get our discounts) to me so I can have some extra food in a container for dinner, I'd pay the balance after using their tags! I wouldn't say I was frugal but it made me find ways to survive back then! The company subsidized car petrol for people living in a different state as they needed their expertise, those friends just "live" in their cars after work, the company allows employees to stay back till 11pm for work, they'd just have a blast in their cubicles and sleep in their cars. For showers, our company had a gym on site, so they could just go to the gym shower and change into something comfortable.

@monkeyloveya

8 ай бұрын

Today in KL a plate of mixed rice is almost RM10.

@gilagarden2535

8 ай бұрын

@@monkeyloveya yeah, that's the sad part. But if you on "survival" mode, taste is out the window, sustenance is the way~ eating the same nutritious meal everyday to get you by would be the smart choice as to not jeopardize your health. I wouldn't advice cooking lavish meals at home but assembling food that's quick and easy is the way. I once ate cheese, egg, tomato, bread every day for a month, LOL~ go to a wholeseller and get in bulk, if you calculate precisely it'll get you a good deal but sometimes Lotus has cheaper deals!~ Eggs are definitely top of my list for easy prepare and nutritious! learn to cook tamago egg (Japanese square shaped egg) with some simple fillings on the first day of the week! you can cut it up into sandwich size portions! and just put it between breads for a meal add sliced tomato, cucumber, mayo spread! Get "Jumbo" eggs which will cost you around RM0.60 / egg but it'll make up for the difference as it has 2 yolks. If you want to save more! get a second hand "bread-maker" from carousell! SUPER EASY TO USE! throw in flour and it'll bake you bread for only RM1.00 / loaf! my GAWD I can go on and on! LOL!

@sg5sd

4 ай бұрын

Thanks for sharing your story! :D

I like the idea of calling it rational I'm planning to buy an empty watercolor palette and I found one I like for 40 euros (shipping not included) but instead of that I went online and found all the same parts just separate that add up to 12 euros all together (shipping included), so in the end I'm gonna save 28 euros and I just need to put it all together which isn't hard If I was frugal I would just not buy a palette in the first place

@Nabee_H

8 ай бұрын

Same, I feel like its not mostly being "Frugal". A large part of this could be exactly what you said, going online and purchasing directly from suppliers instead of getting ripped off at a mall. No one I know really goes to the mall, we all buy off of Amazon, Shein or wait for some discount/sale we find online. It was also a large part of the older generations culture to hangout at the mall or whatever, which isnt common anymore. Everyone hangs out online playing video games.

@ciara7172

8 ай бұрын

​@@Nabee_HI don't even use Shein and only use Amazon for essentials. I thrift most of my clothing.

@nanan8992

7 ай бұрын

I do the exact same, I scour the internet for the cheapest deals whenever I want or need something. The internet really revolutionized shopping, not only that we have the chance to look for the cheapest offer as it connects us directly to suppliers or other people who are selling preloved products, we also have the luxury of accessing reviews unlike with mall shopping.

@dragonstooth4223

2 ай бұрын

I also use alternatives for things to save money for mixing small amounts of paint bottle caps from soft drink bottles. they are perfect for little tiny amounts and you can throw them out when they are no longer any good (they will last ages if you keep cleaning them out) the pop toys for anxiety are also great for paint mixing. you can get a huge one for like $5-10 and because they are silicon they are super easy to clean (dry paint pops right off) things like that save me a lot of money. I like to look at trash and think how can I reuse it and you'll be surprised what you come up with

a new generation that know how to save money and choose quality over brand, look like the future of China is brighter

@CouncilforWorldMission

8 ай бұрын

China's hygiene standards are still 3rd world and China is still creating a new global disease every 10 years due to it's unhygienic practices. Wuhan virus, SARS, Hand, Foot & Mouth disease, yellow fever...the list goes on

@Ace01010

8 ай бұрын

Brighter Future?

@oscezrcd

8 ай бұрын

@@Ace01010 Yes. Short-term pessimism induce frugality, and frugality leads to long-term prosperity. This is part of how the economy self adjusts.

@Ace01010

8 ай бұрын

@@oscezrcdBesides that, I just meant China as a whole is collapsing.

@oscezrcd

8 ай бұрын

@@Ace01010 Some say yes, some say no. Nobody can predict how well a country's economy will be, not even economists. The more people believe an economy is collapsing, and if it doesn't, the larger the rebound.

This is exactly the same in the UK, lowest confidence in 40 years. Its such a suprise that less spending power = less spending. Shocking...

Every generation spends on things they like. Every generation overspends and borrows to continue to spend. And every generation tells younger generation not to overspend.

They had news specials like this 10 years ago in the US. It was less about the generations temperament towards work and more about the media pre-programming an excuse for a loss of opportunity and reframing the situation while shifting the blame to the victims agency.

Use the " must have " & " nice to have " concept . " Must have " means essentials t Without which 1 cannot function on a daily basis. " Nice to have " means a new phone , clothes other blings that would be nice to have now but its purchase can be pushed to a future date . And another thing is 30-20-50 approach. 30% for savings+investing, 20% for emergency liquid fund that can be accessed quickly in 30-50 mins & 50% includes monthly bills including new clothes , Phone , housing food entertainment etc

@rg_888

7 ай бұрын

The "30-20-50 approach" is a luxury for most young people today. Even for a lot of middle-aged people with high salaries but also high costs to support their family. I'm sure many people would love to be able to spend "only" 50% of their income on necessities. But that goal is a fantasy for most people. Probably over a billion people in the world today live paycheck-to-paycheck. And that's not by choice. Nobody likes the feeling of constant financial anxiety. They're stuck in that situation because they can't substantially reduce their living costs (it's mostly out of their control) and there's no simple way to earn a lot more (without putting their health in danger--there have been cases in recent years of people literally dropping dead due to extreme overwork). For people in particularly expensive areas, just rent + food will use up nearly all of their pay. There's no such thing as disposable income, let along saving or investing.

As a ethnic Chinese i know one of our inborne genetic makeup is frugality. This is due to centuries of war and poverty which forced the Chinese to save up for rainy days. Though the present Chinese generation generally had no problems with bread and butter issues, the inborn 'frugality' still remain and is hard to change.

@brudamo9203

13 күн бұрын

No need to change. Econony based on consumerism is a horrible system

I hope the conscious ness soon comes to India. India is currently reaching at its peak of consumerisom. I hope the next generation realises that.

@abdulhadimalik3312

8 ай бұрын

South asian people are built different. North indians and Pakistanis will never stop spending alot. East asians have always been frugal. And all of this is based on studies.

@rg_888

7 ай бұрын

@@abdulhadimalik3312 Don't do that classic internet nonsense: "All of this is based on studies---just believe me." If you have some trustworthy data to back it up, show it. If not, admit that it's just your opinion, not a fact.

@hailhumanity

6 ай бұрын

Who said consumerism is on it's peak in India??? Videos of those showing off things getting 100k likes doesn't mean it represent the whole India. Those who are spending without using their consciousness are just 1-2% of the population most of us are still do conscious buying... Just explore the living outside of tier-1 cities😊😊

KZread is a best way for saving money imo, the quality of videos are so good, compared the sub fees on Chinese videos platforms costed me like 10-15 yuan monthly, if we didnt paid that sub fees, we're having 60 -180 minutes ad, sounds so crazy right, but it's true, KZread is great deal for me,

It’s only in China I think. In Malaysia and Singapore, gen Z spends a lot more on random stuff

@ArthurJason-Constantine

8 ай бұрын

It’s only in Malaysia, not here in Singapore.

@haziqrazif1230

8 ай бұрын

Sorry but I don't, I saved more than 50% of my monthly allowance given by my parents in gold, silver and investment account during my college years, while renting an apartment with my nine friends in shah alam and almost every day eating roti telur at mamak😂 Currently working as an engineer, stable income as a single still doing the same thing, no impulse shopping etc.

@mxtan9076

8 ай бұрын

Those who spend a lot on random stuff wouldn’t even be watching this video and commenting lol

As a 50-something Chinese person (Gen X) born and living outside of China , I proudly call myself frugal, having been brought up in a working class household, and having to work hard for everything I own and what I achieved. My upbringing showed me the value of hard work, education, savings and investments. And most importantly, of a loving family. Even with a university education, good job, great salary and benefits, all car and house debts paid up, I have never, and will never buy luxury goods. I do not have a high-end phone, TV, car, etc although I can afford to buy them. The only time when we eat out is for a birthday, we do all the cooking and cleaning ourselves. These values will stay with me forever, and I have not a single regret about that.

@tooeasy852

8 ай бұрын

Thats why you don't understand Gen X, you live in a wonderful era where housing was affordable even with little salary. You were lucky so stop comparing with Gen X and your value.

@jianjunwang6385

8 ай бұрын

环境就是这样，不攒钱老了只能重开

@jjsamuelgunn1136

8 ай бұрын

@@tooeasy852 i would sympathize with you if i wasn't looking at the millions of social media posts from millennials flaunting their luxurious lifestyles eating at fancy restaurants, clubbing, partying, showing off their designer clothes and goods, holidaying at fancy resorts, attending concerts and music festivals etc. The luxury goods industry has already identified millennials and younger as the generations that will drive their market and will make up 75-80% of the market in the coming years.

@tooeasy852

8 ай бұрын

@@jjsamuelgunn1136 so it sounds like the older generation don't go eat at fancy restaurants, clubbing, and party? And which generation invented designer clothes and goods. Wait and which generation invented sports car and who is buying them. And how are those luxury companies became successful from which generation ? The reason you don't see fancy lifestyle and partying in your gen is because you guys don't have social media. So shut your trash and admit your gen did nothing but drive up real estate and use housing to make money. .|. (thats a middle finger icon) in case your older generation point fingers and blame us. That middle finger is for you.

@itouchbuttons

8 ай бұрын

A Winnie Bot?

Guys, the min wage is 20 yuan an hour. If you go to any department store, a single piece of clothing is a few hundred. Taking off rent which is skyrocketing, that's barely anything left.

@ffbeexaid4509

8 ай бұрын

So the rental fees are not dropping like the flat prices?

@mrbanditos3583

3 ай бұрын

Nah. They keep rising everywhere​@@ffbeexaid4509

We need to get like this in the US. Anti-consumerism for the win.

Si Jie seems wise beyond her years. Some of her spendthrift seniors in Gen Y could learn from her sensible financial habits.

As a gen z from LATAM, I agreed with everything she said. It's way better to be wise with your money.

Good work Gen Z!! There's more to life than stuff.

Inflation became a blessing in disguise in our gen z we learned how to intentionally buy something we find more valuable rather than mindless spending ❤

@small_fries7573

2 ай бұрын

Good for y'all 🎉

They are quite wise with money and decisions

Smart generation....wasting hard earned money on too much material stuff makes no sense...ccp in panic mode...🤗

some shoes, for example, can be low price yet have good design. There is no need for an expensive Nike shoe. The range of products bought by young Gen Z is much wider (smartphones, sightseeing, health products, gym, socialising in sports bar ...), so the smart Gen Z look for value for money since many are still studying or at the beginning of their professional career.

Rampant capitalism and consumerism is branding good qualities like frugality and rationality as bad. What a twisted world.

I felt the commentators are wrong. A long term of wise and rational spending will derive a generation like the 70s, not the 90s. When they make more money, not necessary they will right away become the 90s, because years of the wise spending will stop them, human nature.

This is the generation that will save the earth from extinction and alien invasion

@danielwells774

8 ай бұрын

Too late.

@jansg405

8 ай бұрын

😂😂😅

@rokmare

8 ай бұрын

They probably welcome the extinction and could care less about the alien invasion 😂

i wish these habits would trend more in america. the spending habits of our younger population is FAR in excess of their earnings by far. with no end in sight!!

@sharkeishatwerks1731

8 ай бұрын

Yes its absolutely awful

Thank you for your effort making these documentaries.

How about Singapore Gen Z spending habit? Too brand conscious?

There's so many different views & opinions presented in the comments section on why Gen Z / the millennials are spending less or rather, they are not buying branded / luxury brands & products compared to the generations before. Are they truly frugal and wise in their spending, spending on what they need , on things that have good price performance? or are they not buying the luxury brands products because they could not afford it? Well, we will never know which is true , only time will tell. However, I believe that all humans have wants & needs. With all the promotions, advertisement, marketing done to promote a brand or product, and to create the want or need for the product, the young generation (Gen Z) will ultimately spend their money on branded / luxury products when they grow older, when they have high income /more money. It will probably start from buying something small such as a branded lipstick or sunglasses to shoes, bags, accessories and clothing. Moreover, there are Gen Z from high income or rich families. The youths from this echelon of society will surely spend their money on branded / luxury goods.

@alimfuzzy

8 ай бұрын

Or going off sales figures from the company selling luxury goods. They are buying just as much of not more, but not saying they are. Isn't that more likely. Trust the sales figures not what people say in videos. Maybe she is frugal but going by demographics she is not average.

Why did you frame this as a China specific scenario? It's not just China. And I think it's more than just not having a lot of money right now. I think that because we didn't grow up being wasteful, we won't be very wasteful even if we do start to receive a higher income. If you want us to spend on brands and large luxuries, I think we would have to come into a very large amount of money all at once. Even then, a lot of that money will go to paying off debts, going to school, starting a business, giving to charity and friends and family, and retirement, and other investments.

@ffbeexaid4509

8 ай бұрын

Yup not sure why this Singaporean channel likes to focus on China so much.

I love this generation. 1 thing I learned since pandemic is costs fo4 anything are nothing like once before so all the reason to seek strong value. Also ppl look better w/o cosmetics just healthy from inside out. I quit make up back in 2011 when economy sucked and my skin got gorg! Times always change!

This young lady is smart and wise.

@small_fries7573

2 ай бұрын

NO OFFENSE TO YOU ALL! I'm doing this out of good intent. God does love non Christians. God knows we are all sinners. What is sin? Sin is an action that is not good and done or thought out of bad intentions. We all lie, trick others, and are prideful/selfish sometimes. God (Jesus Christ) came down in the form as an human and died for our sins. He resurrected from death thus we can also defeat death 💀 if anyone of us accept Him as Savior for our sins. We cannot save ourselves from sin no matter how many good deeds we do. Everyday we sin. Christians do too. But if you are a Christian ✝️, you will go to heaven when God plays back your whole life to you. But if you die without being a Christian ✝️, then you will suffer forever 💔 without being in heaven. God doesn't judge you based on worldly success nor physical attraction. Jesus Christ loves ❤️ you and values your character. If u end up being poor, He still won't abandon you. You can pray 🙏 to reach out to Him, and you'll see what He will do for you and others. Sometimes He will see if you will trust His will which is not always the same as your will nor desire. But He does what He knows is best for you despite us not knowing that. Have a nice day!

5:35 I like how the Rich Associate Professor of Economics wearing Expensive Airpods is laughing at Gen Z for not having money to enjoy luxury goods. :)

Confidence and trust powers economies.

We don't really have a choice, actually. For example, I realized I can't afford buying headphones from Philips or JBL anymore. Now I buy domestic brands.

Great video!

as a millenial ive also never seen the appeal of luxury brand names

@manfunny917

7 ай бұрын

Most luxury brands are foreign products from countries hostile to China anyway

If your not rich dont act like it and you might end up actually being rich. Life is not about handbags or luxury goods, its about you and the people you meet and the things you do. Not what you buy

While I got the food thing, why constantly buying new clothes when you don't need them? But I know the answer: it's not her money that's she is spending.

I’m still living at home due to the lack of housing available in my area (I have a great job, don’t want to leave it, but it’s in an area with no housing and it’s extremely competitive when something new appears) After the bills I pay to my parents, which is discounted because I’m their child and they insist I only pay so much, I pretty much only spend £100 the very maximum on myself a month. I think the only exception is at Christmas and the last 2 months because of emergency matters beyond my control. Aside from the bumpy last 2 months, my savings have never looked better. My phone is nearly 3 years old and has zero storage left, so I’m probably looking to replace that next, but I’m riding it out as long as possible as I don’t want to give into mindless consumerism. I don’t need the latest clothes, the latest games or the latest gadgets. What I have now is more than sustainable enough for me.

Asking recommendation from Influencers ...... What a great idea.... no wonder you over-budget.

brilliant!

“我姐是九十年代的人”. 他娘的，我怎么感觉自己好老啊😂

I think previously for the last 30 years, China was obviously in growth mode on steroids without hiatus. However, after the pandemic, there’s very little optimism now as many youths discover that job opportunities have been lesser and the pay wasn’t as satisfactory as previous years. It sure changes their mindset towards a more rational and frugal lifestyle. 😂

The more money I make the more my wife spends its as simple as that 😂

@zltan

8 ай бұрын

you need a new wife bro

@royk7712

8 ай бұрын

@@zltan trueee

@calipdis2

8 ай бұрын

You chose that

And she looks so happy too!!

They had me at "21 year old cuigusasgitotghong"

Its beautiful to see how modestly chinese youth is dressing up in Beijing, especially graduates.

@small_fries7573

2 ай бұрын

They're good looking people 🎉

Gen z not spending on luxury brand stuff but spend on game 😂😂😂

@Scorpionthepianist

4 ай бұрын

😂

They are lucky to have allowance. But at least they are working, and not many of them are opening their hands and ask for money. However, they need to learn money management before it's too late. It's always good for early investment.

It is not necessary buying luxuries, Etsy’s custom made is more practical and more characteristic.

@Scorpionthepianist

4 ай бұрын

I’m a fan of esty, too🎉

This is real in most modern economies. I just don't understand where this wealth has gone.

I think overspending can put you in a very tight spot. Spend wisely and find different ways to earn(long-term) and charity(spare money) and this advice is for all generations. Even big economies collapse when they exceed their budget limit. Try and live a content life. Help Palestine 🇵🇸 Stay blessed. Peace

謝謝四節

I hate that we live in a world where young people need side hustles just to survive. Companies where young people work for part time jobs often make billions in profits each year, but the average worker never sees it. Sad.

@Scorpionthepianist

4 ай бұрын

It’s always like that 😢

Good for Gen Z! More and more, and worldwide, it seems that Gen Z has what it takes to secure a reasonable and sustainable future for humanity, despite the huge challenges left by their predecessors. It's about time the older generations start to acknowledge that.

If they are rational, then it means they are grounded.

I think seeing how luxury brands treat their customers like cattle combined with seeing how little you can spend to achieve something will give these kids a lot more financial confidence in the future. Moreover, thinking about your finances to this extent comes with financial literacy.

The global pandemic has risen the cost of food, we don't have that problem before, once the resources is stabilized they are still not willing to return to the before price, everyone is taking advantage over the covid price even when its over

We spend less because we make less its that simple

Growing up in the Pandemic years? It was only a few years ago.

@minaysa31

8 ай бұрын

They probably meant that they had key years of they development during the pandemic (especially end of high school + 1st year(s) of college or even bunch of their high school experience during the period when China was still in super drastic mode against the covid)

@DanielLiang

8 ай бұрын

its mean be an mature adult.

My friend who is PRC (stay in China) can spend 20k SGD in a week

When I was young I had to work. Nothing new.

Voucher hunter here! I was born in 1995 tho not the exact Gen Z haha!

Is it normal in China to get an allowance when you're old enough to work? It also seems like she doesn't pay rent.

@42069memes

8 ай бұрын

​@@garrusvakarian8709 Students need to work as well. Says in this video that she has part time jobs.

@swicheroo1

8 ай бұрын

Most Asian parents will support you in your studies, if they have the means.

I'm glad for that .

I hope this catches up here in the States. We need this bad.

I love how they say “the confidence” like if nothing at all is expensive nowadays 😂😂

They will revenge spending on their 30s and 40s trust me. Been there done that. 😂

how much is the average expense of grad student there? I am asking because $270 seems not bad, I am agree with the comment that she may spend above average, but I may be bias. I am a grad student in the US from Indonesia, basically I made around $1000 from GA stipend per month and need to spend $375 for housing, $250 for health insurance, $75 for food and utilities. And sending $120 for my family and about $30 for charity in a month. So in total about $900. Made food and coffee myself and use campus facilities for entertainment. Lucky enough to be able to make saving from penny and additional income from other awards and scholarship (which is more significant if I use it back in my country). Glad to find the saving gone up thou in China!

@small_fries7573

2 ай бұрын

May God bless you ❤ with encouragement and His love. I pray that you will find good individuals in your life. I pray that God will help you find happiness 😊 & joy. In His name we pray in Jesus Christ, amen ❤🎉

that's how we ultimately stand up to the system ... we only buy what we need, buy quality products that last over ones that don't and don't buy brand names to show off. I never buy brand names because ultimately ... they are all made in the same factory as the items you get from a big box so why reward companies for over charging and exploiting workers with extra profit margins?

@small_fries7573

2 ай бұрын

Good point 🎉

@small_fries7573

2 ай бұрын

NO OFFENSE TO YOU ALL! I'm doing this out of good intent. God does love non Christians. God knows we are all sinners. What is sin? Sin is an action that is not good and done or thought out of bad intentions. We all lie, trick others, and are prideful/selfish sometimes. God (Jesus Christ) came down in the form as an human and died for our sins. He resurrected from death thus we can also defeat death 💀 if anyone of us accept Him as Savior for our sins. We cannot save ourselves from sin no matter how many good deeds we do. Everyday we sin. Christians do too. But if you are a Christian ✝️, you will go to heaven when God plays back your whole life to you. But if you die without being a Christian ✝️, then you will suffer forever 💔 without being in heaven. God doesn't judge you based on worldly success nor physical attraction. Jesus Christ loves ❤️ you and values your character. If u end up being poor, He still won't abandon you. You can pray 🙏 to reach out to Him, and you'll see what He will do for you and others. Sometimes He will see if you will trust His will which is not always the same as your will nor desire. But He does what He knows is best for you despite us not knowing that. Have a nice day!

@dragonstooth4223

2 ай бұрын

@@small_fries7573 I'm not sure what your laughable attempt to convert someone to Christianity has to do with my comment. your argument is flawed anyway. if god loved anyone he wouldn't care if they worshipped him as long as they lead a good life he'd let them into heaven. but no he lets in murders, rapists and such if they repent on their death beds. If he requires worship to enter into heaven then he's not a all loving god he's a god who's only criteria for purchasing a ticket is belief in him ... not the quality of your life. kind of sounds like the Ori from Stargate ... no thanks do I want any part of something like that.

@small_fries7573

2 ай бұрын

@@dragonstooth4223 ok 👍 I won't persuade you again. Take care.

Who has a brighter, happier future? The one with debts or the one with savings? Wise people will know the answer.

It's a good beginning for her.

These are completely two different perspectives. The interviewed professional is interpreting the current economic situation's impact on young people in this era from a socio-economic standpoint, as slow economic growth has limited the incomes of the younger generation. On the other hand, the interviewed young person is expressing her consumer logic. However, it's challenging to determine whether her consumer logic is shaped by the constraints of the current economic slowdown or if it truly reflects her genuine values regarding consumption. Especially since her actual monthly expenditures exceed what she can afford. From this perspective, it's hard to argue that she is making rational consumption choices.

Its clear. No businesses, no jobs, no disposable income.

As an Gen Z Indonesia, i can relate the situation.

good

That younger generation seems alot wiser than their parents- when it comes to money at least

kudos to the chinese people who always have a saving culture and think abt 2morrow.

I don’t think chinese people are more materialistic than any other nation. I just believe that as long people are discriminated by their look, the tendency of overspending on brand to polish your social image will stay.

Thank Corona. Because of massive layoff phenomenon in my country also forces young generations to save more.

Less money= less consumerism. That proves that consumerism keeps you poor.

What is the cost of living in China if $500 USD is considered comfortable?

I might say like going to coffee shop likely to be a big mistake to go because you can make a coffee at home at cost of 30 cents per cup.

Clicked to figure out wth is revenge spending?!

The woman is wearing an Apple Watch Ultra, and we are talking about China's Gen Z no longer splurging.

@small_fries7573

2 ай бұрын

Good analysis 👍

@small_fries7573

2 ай бұрын

The Lord Jesus Christ became the Savior of sinners (all humans) by coming down from Heaven & dying on the 🪵 wooden cross for our sins. God raised Him from the dead, and Jesus is now a living Savior with God in heaven. But don't lose hope. Anyone can be saved from their sins and from going to hell in two easy, peasy steps: 1. Realize that you are a sinner who CAN'T SAVE YOURSELF from going to the lake of fire (forever) 🔥 based on your good deeds, your own philosophy, and other religions. 2. Realize that you need to believe in your heart ❤️ that ONLY Jesus Christ died for your sins. If you shall confess with your mouth the Lord Jesus, and shall believe in your heart ❤️ that God raised Him from the dead, you will be saved. For with the heart ❤️ man believe unto righteousness; and with the mouth confession is made unto salvation. Congratulations! 🎊 👏 After this life, you're on your way to heaven forever! ⬆️💯🥳

@TheViettan28

Ай бұрын

Can be a fake one.

The only skin care I have is 240 rmb every three month, the acne treatment. I think only thing people need is cream, acne, and face washes that’s it, have no idea why some people can buy same thing in several brand

2000yuan is minimum wage in Malaysia

That’s an uplifting report in the sense that we might see a less wasteful generation growing up. To this video's sound guy: Remember that the pointless background music *must not* drown out the interviewee's voices!

300 million. Holy cow that’s all if the USA

I thought that generations were localized to their country by events and not by necessarily time. I mean Venezuela's generations have a very different experience. Just like Japan has it's "lost generation"

@small_fries7573

2 ай бұрын

NO OFFENSE TO YOU ALL! I'm doing this out of good intent. God does love non Christians. God knows we are all sinners. What is sin? Sin is an action that is not good and done or thought out of bad intentions. We all lie, trick others, and are prideful/selfish sometimes. God (Jesus Christ) came down in the form as an human and died for our sins. He resurrected from death thus we can also defeat death 💀 if anyone of us accept Him as Savior for our sins. We cannot save ourselves from sin no matter how many good deeds we do. Everyday we sin. Christians do too. But if you are a Christian ✝️, you will go to heaven when God plays back your whole life to you. But if you die without being a Christian ✝️, then you will suffer forever 💔 without being in heaven. God doesn't judge you based on worldly success nor physical attraction. Jesus Christ loves ❤️ you and values your character. If u end up being poor, He still won't abandon you. You can pray 🙏 to reach out to Him, and you'll see what He will do for you and others. Sometimes He will see if you will trust His will which is not always the same as your will nor desire. But He does what He knows is best for you despite us not knowing that. Have a nice day!