(ECNS) -- Nearly half of China's post-90s blue-collar workers consider buying lottery tickets a means of investment while less than one in five are willing to spend much on self-improvement, according to a survey.
Organized by the Business School of Ant Financial, the Alibaba affiliate that runs Alipay and other financial services, the Tsinghua Media Survey Lab, and a think tank, the study investigated 5,110 blue-collar workers aged from 15 to 25 in 31 cities across the county.
It found that over half of respondents think personal financing is an act reserved for the rich.
It also showed over 80 percent of second-generation migrant workers have a plan in regards to spending.
Unlike the public perception of being not self-disciplined, only 9 percent of young workers have no financial plan, significantly lower than the 39.2 percent for university students of the same age, according to the study.
However, blue-collar workers generally have a weak sense of investing in their careers, with only 16 percent willing to spend much to improve their knowledge or skills.
A manager from the Business School of Ant Financial said the report showed blue-collar workers have some misunderstandings about money, although 70 percent said it is important.
Among these blue-collar workers, delivery people stood out for being familiar with various online payment methods. Besides, nearly 80 percent have come into contact with Internet-based financial products.
Zhao Shuguang, director of Tsinghua Media Survey Lab, said the state should promote financial knowledge among young blue-collar workers or improve occupational training in order to reduce the income gap.
