The reason why Japan did not have a credit card bankruptcy crisis like South Korea, but only had a credit card storm around the 90s of the last century, is that the number of Japanese people using credit cards is low.

In 2002, the percentage of credit card usage in South Korea was 69%, compared to 7% in Japan. If you go back to Japan more than a decade ago, around the 90s of the last century, the proportion of Japanese people using credit cards would be even lower.

The reason why Japan did not cause the bankruptcy crisis of the country's credit card is due to its national character. It is said that Chinese love to save money, and Japanese love more than Chinese.

Japan is mainly a country made up of four major islands, and it has always been prone to many tsunamis, earthquakes, and typhoons...... disaster country.

There is a kind of genes and mental consciousness in their bodies that as long as they don't die, then they have to prevent problems before they happen. One cannot live without money.

At this time, credit card users in Japan were generally young people, not the elderly. If something really happens, you really can't repay your personal debts when they fall due, and you can turn to your parents to give you some financial assistance.

The year 2002 was a monumental year for Kishimoto. It was in this year that I entered the university in my previous life.

At the same time, Chinese mainland, South Korea, and Japan will begin to see a new inflection point for young people.

In fact, some of the big formal state-owned banks in Chinese mainland have been stationed on university campuses, and behind them are some large private banks that are following up and providing credit cards to college students at that time.

This credit limit is generally between 500 yuan and 2000 yuan. At that time, the general monthly living expenses of college students were three to five hundred.

Poor students are living expenses of one or two hundred yuan per month, or even dozens of yuan per month. Although the credit card limit was not high at the time, it was fully in line with the economic income and consumption level at that time.

If a college student holds a black-and-white Nokia or Motorola, it is a representative of the wealthy class in the college student group.

As for personal computers, very few college students have them. Even college students who have a personal computer are nothing more than an assembly machine of about 3,000 yuan.

One of the main reasons why formal banks in Chinese mainland end up withdrawing from university campuses is that the bad debt rate is too high.

Many college students do not repay their credit cards after they are overdue, even if they are employed after graduation. The banks were not able to collect money directly and violently, so they had to collectively choose to withdraw from the university campus market.

This freed up the zone and soil for the survival, development, and growth of various campus loans in the future. Later generations of college students always complained that there were no formal banks to provide them with credit card business, so they were short of money, so they had to borrow campus loans with higher interest rates to make a turnover.

If you want to blame it, you can only blame the credit of their group of predecessors is really "too good", so that all banks dare not issue credit cards for college students, after all, commercial banks are for profit and money, not for charity and feelings.

Young people are materially strong, that's normal. No matter what era it is, it is also a change of soup and not a change of medicine. Even in the years of material scarcity in Chinese mainland, the young people of their grandparents' generation were full of pursuit and yearning for watches, bicycles, and radios.

The young people of the father's generation have become BB machines, the pursuit and yearning of big brother. In his previous life, the generation became the pursuit and yearning of mobile phones and computers.

The post-90s, especially the post-95s and post-00s generation of college students, pursue the possibility of driving their own private cars on college campuses, preferably sports cars.

Young Koreans and young Japanese are miserable at this point in time, especially young Koreans. The problem they face is that they are not paid for equal work compared to their fathers when they were younger.

The income of young people in Korea and Japan today is significantly lower than that of their parents. Not only that, but the side effect of inflation is not only that the number of banknotes in hand is not as good as before, but also that the real purchasing power is even lower than before.

At the age of one's best, but without money in one's pocket, that feeling is torment. Does it cost money to fall in love?

In South Korea, as a boy, you naturally have to bear all the expenses of dating. Otherwise, you will be disliked by girls in all kinds of ways, and you deserve to be alone for the rest of your life.

At this point, Japanese guys can have an AA system with girls or be responsible for most of the dating spending.

Boys in Japan and South Korea are not easy, and girls are not easy either. Girls in Japan and South Korea spend a lot on cosmetics, clothes and other expenses. They would rather eat instant noodles every day than dress themselves up beautifully.

If their grooming is not good enough, they will not only be disliked by boys, but also by their own kind. Not to mention wanting to find a high-paying male or a nice decent job.

In order to make up for the deficit in expenditure and income, the family background is okay, one is that the parents will secretly make up for it, after all, they are people who have come over and understand it.

The second is not to pay living expenses, eat and drink at home, and live in vain, which can completely save a lot of expenses that can be used for social interaction.

At this time, whether it is Japan, South Korea, even in Chinese mainland, Hong Kong, Macao and Taiwan is the same situation, single men and women will continue to live with their parents.

Even if they have a job, they often don't move out to live, at most they give their mother some money for the family. Among them, there are many cases where you pay 500 yuan at the beginning of the month, and you will borrow 1,000 yuan from your parents at the end of the month.

Families who come from the lower middle class of society, especially those at the bottom of society, or those with many children in the family, are often tragic. There is no better way for them to make up for their personal shortfalls, except to make extensive use of credit cards.

Their self-consolation is that their income will increase in the future, and they will have money to pay off their card debts. In fact, that's all wishful thinking and unrealistic thinking.

Many labor-intensive jobs in Japan and South Korea have already begun to move to Chinese mainland. Three years from now, Taiwan will be another target for Kishimoto.

In 2005, Taiwan, with a population of more than 20 million, would also have a credit card crisis. How miserable will the Taiwanese be? The charcoal in the supermarket is explicitly forbidden and is not allowed to be put on the shelves.

Too many ordinary Taiwanese people were violently pursued by the underworld to the point of mental breakdown because they could not repay their personal bank card debts, so they had to buy charcoal and go back to commit suicide.

In another decade, the gap between Taiwan and Chinese mainland will be smaller and smaller, until it is almost none, and even surpassed by the first-tier cities of Chinese mainland, and it no longer has the advantage of the last century. Taiwan workers either went to Vietnam and other Southeast Asian countries to work, or came to Chinese mainland to work.