China's Generation Z has been taking advantage of the variety of lending options available to them, albeit at the cost of exceedingly high and possibly illegal interest rates. Although authorities have been cracking down on questionable money lenders, there is still a plethora of ways to borrow money. According to Bloomberg, China's household debt-to-GDP ratio jumped from 27% in 2010 to 57% in 2019. For comparison, household debt was 126% of GDP in Australia, 99% in South Korea, and 75% in the United States, according to Bank of America. However, Fitch Ratings estimated that the rate of growth was twice that of nominal GDP. According to the People's Bank of China, the nation's debt-to-disposable income ratio was 99.9% in 2019, up from 93.4% the previous year.