Affluence, this is a relative concept, it depends on a number of factors such as the environment in which the person is located, social status, and economic conditions. So, with 1 million deposits, can it be considered rich among 1.4 billion people?Let's take a look.
We can look at this in terms of average wealth levels. According to statistics released by the World Bank, China's per capita gross domestic product (GDP) is about 1$30,000, that is, the average person's wealth is about 1$30,000. In contrast, a person with a deposit of 1 million has a much higher level of wealth than the average. Therefore, from this point of view, having a deposit of 1 million can indeed be regarded as wealth. We can think about this in terms of the uneven distribution of income. There is still a big gap in China's social and economic development, and the problem of the gap between the rich and the poor is prominent. According to the wealth report, the distribution of wealth in China is extremely uneven, with a widening gap between the rich and the low- and middle-income groups. In this context, an individual with a deposit of 1 million is definitely considered a wealthy part of the 1.4 billion people.
We can also look at this issue from the perspective of long-term investment and wealth accumulation. People with assets of 1 million deposits are often born after a certain amount of time accumulation and financial planning. In the current market environment, especially the hot property market in Chinese mainland, the steady growth of the ** market, 1 million deposits for investment operations, and the growth of wealth is possible. If this deposit is invested and used wisely, it is believed that the scale of wealth will increase significantly in a few years or even shorter. Therefore, whether from the perspective of long-term investment or wealth appreciation, a deposit of 1 million is undoubtedly a good starting point, showing the ability to accumulate personal wealth. Of course, we can't ignore the cost of living factor. The cost of living varies greatly from region to region and from industry to industry, and this has a direct impact on people's definition of "affluence". For example, in first-tier cities, especially those such as Beijing and Shanghai, the cost of daily living will be higher than that of second- and third-tier cities. Therefore, if a person has a deposit of 1 million but lives in a first-tier city, then his quality of life may not meet the expectations of others, which also makes it more difficult for him to be recognized as wealthy.
To sum up, although affluence is a relative concept, people with 1 million savings can be called wealthy among the 1.4 billion people based on the average level of wealth, uneven income distribution, investment and wealth appreciation, etc. Of course, the definition of affluence will vary depending on the social environment and individual circumstances. However, it is undeniable that a deposit of 1 million is already a considerable wealth that can meet the living needs of the vast majority of people. The important thing is that whether we are rich or not, we should cherish life, actively expand our wealth, and use it to realize our life values and aspirations.