We often hear the call of ** departments and propaganda agencies at all levels to stimulate consumption. Guiding consumption to boost the economy. But why can't the consumption of the people be stimulated, because the little money in the pockets of the people has to consider many aspects, and there is no worry about birth, old age, sickness and death, and consumption is a natural thing. **Too little investment in social security funds such as social security and medical insurance has led to the uncertainty of the future of the people, such as housing, children, medical treatment, pension, etc. All need money. The common people have to settle accounts and get by. When you have a little money, you have to save it in case you need it. If the above people's worries are solved, the consumer market will be prosperous without stimulation. This is determined by the natural nature of human beings. The Chinese nation has a good Xi of being thrifty and saving. The conservative concept of consumption is already engraved in the bones.
According to online data, the total savings rate of China's banks has reached an eye-popping 278 trillion, ranking first in the world. Far more than other countries. According to the World Bank, the global savings rate averaged 25 in 20225 per cent, while our savings rate is as high as 45 per cent. Our savings rate is expected to hit a new high again this year. The fundamental reason for this is people's lack of confidence in the uncertainty of the country's future and development changes. Just like the big A**, it has hovered at 3,000 points for ten years, and investors have not received corresponding returns. Listed companies have raised trillions of funds from the vast number of **. It's all money out of the pockets of ordinary people.
In addition, the people also see that the state has invested a certain amount in medical security and improving people's livelihood, but the intensity is far from enough. Policy implementation is also lagging behind. I don't know how the economic situation will develop in the future. People lack confidence to spend. According to online data, China's social security expenditure as a percentage of GDP in 2020 was only 321%。This is lower than the 16 in the OECD countries in Shanghai8%, which is lower than that of western developed countries, and China's social security investment has been at a low level in the world for a long time. All in all, various reasons have prompted people to be less active in consumption. Although China is currently the second largest economy, the vast majority of its people are still poor. Wealth is concentrated in the hands of a few. There are more than 500 million people with a monthly salary of less than 1,000 yuan. Although wages are being raised every year, the price of wages has basically offset the range of wages. Ten years ago, we had to be happy for a year to raise our salaries, and now we can't get excited despite the salary increase. On the contrary, I am worried that the price will be ** again.
The perception is that there is not much commensurate wealth from the country's GDP growth. For the action of stimulating domestic demand and stimulating consumption to promote the rapid development of the economy, the people lack endogenous motivation.