TikTok and Weibo are currently both alight with some nitty gritty details that were, for years, considered too private to share: How much people make, and how much they save., there's a massive trend on Weibo — the Twitter of China — right now that involves 26-year-olds sharing how empty their savings accounts are. As of press time, more than 300 million people had viewed a Weibo Forum thread called"My real savings at 26," and thousands of people had contributed to it.
Many of those people shared screenshots of their bank accounts, and while we weren't able to independently verify any of their posts, they showed life savings totals as low as the equivalents of $0.14, $21.29, and $67 apiece. All bank accounts showed sums in the Chinese yuan. The US conversions in this story are accurate as of May 19.
"Doesn't everyone just live paycheck to paycheck and spend their entire salary?" a Weibo user in Jiangsu Rather than sharing screenshots of their bank accounts, TikTok users in the US are dishing on details of their weekly paychecks, including itemized breakdowns of where every dollar goes. The #paydayroutine hashtag has been used more than 50 million times. As this week, people do this to try to control their spending and stop living paycheck to paycheck.
The problem is, for many of those sharing their stories online, their dollars just aren't going far enough. Adeoyin broke down the details of one #paydayroutine: A Miami-based safety manager who makes $105,000 a year and has ended up with as little as $80 left over after budgeting money for bills, rent, and savings.
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