WOW: 70% of Chinese millennials are homeowners, 46% in Mexico, just 35% in USA

From bbc.com:

 

The country where 70% of millennials are homeowners

If you’re aged 19-36 and don’t own your home, you’re probably not reading this in China. 

While young people around the world are struggling to get on the property ladder, an HSBC study found that 70% of Chinese millennials have achieved the milestone.

A sizeable 91% also plan to buy a house in the next five years, according to the survey.

The mortgage lender spoke to around 9,000 people based in nine countries.

While China came out top of the pack, Mexico was next with 46% of millennials owning property, followed by France with 41%.

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http://www.bbc.com/news/world-39512599

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