Yesterday, the People's Bank of China released the domestic debt data.

Currently, there are 1.15 billion adults in China, with a debt ratio of 73%.

At the same time, 650 million people have mortgages and car loans, accounting for 74% of the debt-bearing population.

The three main types of debt in the country are:
Mortgage: 482 million people, 57%
Credit cards: 375 million people
Car loans: 187 million people

People aged 20 to 40 have an 85% debt rate.
People aged 40 to 55 have a 73% debt rate.
The good news is that after 55, there are very few debts.
Everyone should strive to live until 55.

China's credit card default rate is the highest at 3%.

The average credit card debt per person is 50,000 RMB.

In 2024, the number of overdue credit cards will reach 30 million.

Here's an interesting statistic:
People with a college degree or above have an 85% probability of debt.
Those with a high school education or below have a 42% probability of debt.

Based on this data, the conclusion is:
People who don't study will have no debt after living to 55. $BTC $ETH