"Revenge Spending" In China - Part I
So it isn’t a surprise that many have become PARENTS.
Which is crazy!
Their leverage is enormous. The earlier they were born, the more likely they are to have assets and resources.
MORE THAN 70% own their own flats…double the rate in the States.
They are “DINKS” (double income no kids) for longer than their Western counterparts. And they are likely to have one child (which their extended family often spoils rotten.)