We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Majority Of Millennial Consumers In Asia-Pacific Still Living With Parents, Survey Reveals

October 30, 2016: 12:00 AM EST
In Asia-Pacific, 63 percent of millennials 22‒29 years old are living with their parents, according to a CBRE survey. In China, more than 60 percent of millennials are staying with their parents, the third highest in the region after Hong Kong and India, which both had around 80 percent. Data from the report revealed cultural norms and high property prices are keeping Chinese millennials from buying their own place, with 28 percent of respondents claiming it would take them 2‒5 years to afford to move out. Almost 90 percent of Chinese millennials dream of buying property, compared with the Asia-Pacific average of 55 percent. Millennial consumers in China spend 14 percent of their incomes on non-food purchases, the highest rate in the region.
Liz Flora, "Study: Chinese Millennials Spend Big on Shopping Because They Live with Their Parents", Jing Daily, October 30, 2016, © Jingdaily
Domains
TrendSpotter
Independence & New Living
Individualism & Self-Expression
Personal Empowerment & Action
Geographies
Worldwide
Asia-Pacific
China
India
Hong Kong
Categories
Consumers
Market News
Trends
Developed by Yuri Ingultsov Software Lab.