Group 1 - The core viewpoint of the article is that the "chicken baby economy" is showing signs of collapse, driven by a decline in investment returns and changing societal attitudes towards education and child-rearing [2][3][4] - The "chicken baby economy" has led to a significant increase in educational spending, with families prioritizing education over other expenses, making it a dominant expenditure category [5][7] - The collapse of the "chicken baby economy" is reflected in the closure of over 12,000 educational training institutions in 2024, with a 52% drop in transaction volume for school district housing in major cities [2][8] Group 2 - The investment return on education has decreased, with families facing high costs for raising children, averaging 485,000 yuan per child, and the cost of private schooling further increasing this burden [11][12] - The job market has shifted, with lower demand for high degrees, leading to a situation where even graduates with master's degrees struggle to find employment compared to those with lower qualifications [13][14] - The decline in the "chicken baby economy" is part of a broader economic cycle, similar to Japan's experience in the 1990s, where economic downturns led to a reevaluation of educational investments [19][21][23] Group 3 - The article suggests that the focus should shift from intensive educational investments to fostering children's character and well-being, which are seen as more sustainable long-term assets [24]