Urban household assets reach average of 3.18 million yuan in 2019
Editors' note: Urban residents' average household assets were about 3.18 million yuan in China in 2019 and that of Beijing residents was about 8.93 million yuan, the highest in the country.
Distribution of household assets of urban residents
● Urban residents' household assets are mainly physical assets with housing as the main part, accounting for about 80% of the total.
● The housing ownership rate was 96%, 1.5 sets for each household on average.
58.4% families have one set of housing 31.0% families have two sets of housing
10.5% families have three or more sets of housing
● Household average assets in eastern regions are higher than other parts of China, with the amount in Northeast China the lowest, accounting for about one third of East China.
● Top three regions with highest household assets in China in 2019 are Beijing, Shanghai and Jiangsu province.
Middle-aged and young people and well-educated people are more likely to have debts
● Average household debt: 512,000 yuan
● Families with householders aged 65 or above are more likely to invest in financial products including wealth management, asset management and trust.
● The average value was about 239,000 yuan, about 1.4 times the average.
Household debt participation rate by householder's education level
Master's degree and above 
Bachelor's degree 
College degree 
High school and below
Household debt participation rate by age
About 73.1% of those aged between 26 and 35 have household debt.
