The report, Society Blue Paper: China Social Situation Analysis and Prediction,
surveyed 4,110 students born after 1990 in 12 universities across the country. Of the interviewed, 2,730 of them are currently still students at school and
1,380 are graduates.
The survey reveals that in a year after graduation, more than 70 percent of graduates rent houses or live in dormitories provided by their employers. About 20 percent live at home of their parents or relatives and less than 5 percent live in the houses of their own.
“The report shows most post90s graduates have to purchase a house on their own,” said Tian Feng, deputy director of the research lab for teenagers and social problems affiliated (隶属的) to CASS. It is still a rigid (一成不变的) demand for the post90s to have their own houses. Only one third of respondents agree to lower their current living conditions to save money to purchase a house, and about 55 percent choose not to buy a house if the investment means a heavy debt burden.
More than half of the graduates believe that property investment is the best way to maintain the value of money for the time being. However, if the graduates had a sum of money for a down payment on a home, most said they would rather use the money on entrepreneurship (创业) or other business endeavors which they say provide a sense of achievement.
Tian said that on the one hand, the post1990 generation recognize traditional Chinese values which regard property as a necessity to build a family but on the other hand, they prefer a highquality and freestyle life instead of living under the economic restrictions imposed by heavy house loans.
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