What kinds of things do young people like to spend money on?

I'd say young people, especially in Shanghai, tend to spend money on experiences and tech gadgets. That's largely because they value novelty and convenience, and they're often influenced by social media trends. For example, I've noticed many of my friends invest in the latest smartphones or smartwatches, even if their current devices are still functional. They also spend on dining out or weekend trips, like going to nearby Hangzhou for a quick getaway. That said, there's a balance-some are starting to prioritize savings or investments, especially after seeing how unpredictable the economy can be. So, while they enjoy spending on trendy items or experiences, there's also a growing awareness of financial planning.