Shanghai Is Done! Middle-Class Downgrading Fast: Wealthy Women Worth Millions Now Buy $5 Clothes
Shanghai Is Done! Middle-Class Downgrading Fast: Wealthy Women Worth Millions Now Buy $5 Clothes
Udumbara
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Recently, Chinese Tiktoker Wang Nicole shared a video about the decline in consumer spending among Shanghai's middle class. The video gained a lot of attention, sparking comments from many middle-class individuals.
One person wrote, "My best friend says she won’t eat meals that cost more than 20 yuan. She has 1.5 million yuan in cash and lives in a spacious apartment, but she doesn’t buy clothes or bags. She wears my old clothes, and when we shop, she avoids eating out. A cup of water from McDonald's is enough for her."
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