With the continuous development of Internet finance, credit services such as Alipay's Huabei and Baobei have become important tools for many young people to consume and work capital. However, recent data shows that many post-90s users have begun to choose to discontinue these convenient credit services. The reasons for this can be summarized in the following three points.
First of all, some post-90s users have increased their awareness of the risks of credit services. With the increasing knowledge of financial literacy and the emphasis on personal financial management, this group of young people is beginning to realize that over-reliance on credit consumption can lead to debt. In order to avoid falling into the consumption trap of "overdraft future", they chose to withdraw from Huabei and borrow and seek a more stable way of managing their finances.
But there are many netizens who said that it doesn't matter if it's closed, anyway, the amount given is not high, and now many people have used the quick use of Beibei on WeChat *** to replace Huabei to borrow, and the amount given is high and convenient, if there are friends who know or have opened it, leave it for comments, let everyone open it.
Secondly, interest rates and handling fees are also one of the reasons that prompt some post-90s users to stop using credit services. Although Huabei and borrowing provide a convenient way to consume, the high interest and handling fees behind them cannot be ignored. Some users find that the accumulated interest and fees may have far exceeded their expectations after long-term use. Therefore, in order to save costs, this part of the users decided to stop using these services.
Finally, the shift in the perception of personal consumption has also taken its place. Different from the previous concept of consumption, more and more post-90s generations have begun to pursue rational consumption and high-quality life. They are more inclined to plan their spending according to their financial ability and actual needs, rather than satisfying their immediate shopping desires through credit services. This shift reflects the younger generation's quest for financial autonomy and planning for their future quality of life.
Summary: As a generation that grew up in the Internet era, the post-90s generation is changing their financial consumption behaviors and concepts. From relying on credit services to gradually withdrawing from Huabei and borrowing, this phenomenon reflects the maturity of young people's personal financial management, their concern about financial costs, and their reflection on consumption concepts. Although credit services provide convenience for young people, how to use and manage their personal finances properly is the ultimate problem they need to face and solve. In this process, financial service providers such as Alipay should also continue to innovate to provide users with more diversified and low-cost financial services to meet the diverse financial needs of young people.