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An Analysis of the Current Situation of the Employed Youth in China on Wealth Concept and Its Influencing Factors —Based on a Nationwide Survey of 439 Young Employees

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  • Xiaohong Xian
  • Qingxiang Feng

Abstract

This research conducted a sample survey of 439 young employees in different industries and fields in 7 provinces and municipalities in North China, Central China, East China, South China, Northeast China, Northwest China, and Southwest China. Through data analysis, it found that the mainstream of the employed youth held a positive concept of wealth, while a few of them had issues such as money worship, hedonism, and hatred or envy towards the rich. There are significant differences in wealth cognition, wealth creation, wealth consumption, and wealth distribution among young employees of different genders, regions and units as well as with different numbers of children. And the main influencing factors of their wealth concept appear to be the complex social environment, the differences in personal cognition and thinking modes, the absence of wealth education, and the impact of internet culture.

Suggested Citation

  • Xiaohong Xian & Qingxiang Feng, 2020. "An Analysis of the Current Situation of the Employed Youth in China on Wealth Concept and Its Influencing Factors —Based on a Nationwide Survey of 439 Young Employees," International Journal of Social Science Studies, Redfame publishing, vol. 8(3), pages 52-70, May.
    • Handle: RePEc:rfa:journl:v:8:y:2020:i:3:p:52-70
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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