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Often, when someone is not sleeping, it’s because they’re up all night having sex.
But for many people in China’s booming middle class, they’re not getting laid because of the stress of living a middle class lifestyle.
Indeed, for millions of Chinese, the stresses of middle class life are piling up, according to a report from Zhaopin.com, one of China’s biggest job posting sites.
Anxiety is creeping up on China’s middle class, which is feeling the pressure of having to save, earn, raise kids and pay the mortgage.
According to the survey, more than a third of China’s middle class have either regular or occasional insomnia, and around 31 percent have sex less than once a month. That’s because they are feeling the pressures of life and are not getting enough sleep, the survey finds, as reported by Quartz.
Middle class Chinese are not enjoying their lives as much as many people had thought, according to Zhaopin. Most of their cash goes to repay house and car loans, and they spend more on their kids’ education than on themselves, according to Zhaopin, as reported by Quartz.
This comes at a time when China’s middle class is surging, and is expected to play a major role in the growth of the global economy. While American consumers have been one of the major forces driving the world’s economy, China’s middle class will be picking up more of the slack.
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Consulting firm McKinsey & Company, finds that 76 percent of China’s urban population will be considered middle class by 2022, as reported by Business Insider.
In China, middle class is defined as households with annual incomes of $9,000 to $34,000. Prices are cheaper in China, so that range buys you a middle class life much the same as in many other countries. And that’s a sharp rise from the year 2000, when only 4 percent of the population held middle class status.
McKinsey found that by 2022, 54 percent of Chinese will be considered upper middle class, and will have an income between $16,000 and $34,000 a year. That’s because of rising number of high-wage jobs in tech and the service industry.
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