23 FEB, 2018

Financial Independence

What does it mean to youth to be “financially independent”? Some say it is to be independent of parents' financial support; some want to be able to cover daily expenses and have enough savings for emergency; while others hope to use their money freely.


In 2017, we interviewed 1,073 youth aged 21 to 35 to examine their financial situation and get their views on the subject. A common reflection was that difficulty lied in purchasing a property or in using money freely for leisure or further study. Financial education programs in schools were also said to be ineffective in cultivating good money management skills and habits.


The full version of the commentary is in Chinese only.