Starting next year, families with personal deposits of more than 300,000 yuan will face 'three troubles'
Since the end of the pandemic, the national deposit market has attracted a lot of attention, and in general, there are two clear trends:
Trend 1: Increased willingness to save money.
Root causes: On the one hand, the risk of the investment market has intensified. Affected by factors such as the Federal Reserve's interest rate hike and the Russia-Ukraine conflict, the global capital market has generally suffered heavy losses, and many countries have suffered a double kill of stocks and bonds, investors' risk appetite has declined, and risk aversion has risen, which has intensified people's desire to save.
On the other hand, residents' willingness to save precautionarily has increased significantly. After the outbreak of the epidemic, the pressure on enterprises has increased, resulting in a sharp decline in residents' expectations for work and stability, and an increase in insecurity, which in turn has led to a significant weakening of residents' willingness to consume and a significant increase in their willingness to save.
Trend 2: Bank deposit rates continue to fall.
The recovery of the real economy is slowing down, and the investment market is becoming increasingly sluggish, which is obviously not conducive to the development of a virtuous cycle of the economy.
After all, banks want to provide greater support for economic development by stimulating the flow of social capital, a strategy that aims to create a more favorable environment for the country's economy by activating the efficient use of capital and promoting industrial and commercial development.
As the deposit rate continues to fall, the economy has begun to enter the recovery stage, in this case, savers can look for more profitable investment channels, such as buying financial products, participating in the market or using funds for other investment projects, hoping that this enhanced liquidity can stimulate activities in all areas of the economy, inject more funds into the market, and promote business development.
In this context, some experts say that from next year, more than 300,000 families will face personal savings"Three major questions"。
The first problem: rising inflation has led to a decrease in the purchasing power of deposits.
In recent years, due to the loose monetary policy adopted by China's leading banks, a large number of over-issued currencies have flowed into the financial market, but some over-issued currencies have also flowed into the commodity market.
Therefore, the daily necessities that are closely related to the lives of the people are **every year**, while the purchasing power of the people's deposits in the bank is depreciating.
In addition, deposit rates are getting lower and lower and are currently on a downward trend.
The data shows that from 2019 to the first half of 2023, the national bank deposit rate fell by an average of 0.5 percentage points, in addition, in order to reduce financing costs, some banks have reduced the number of large-amount certificates of deposit issued, and even canceled three-year deposits;
Therefore, it is probably impossible to hedge against inflation by depositing $300,000. In addition, inflation is often accompanied by currency depreciation, which leads to fewer goods and services that can be purchased with savings, eroding the wealth of savers. And the continuous interest rate cuts by the banks have further weakened the purchasing power of depositors.
Here are some tips for dealing with this situation:
Citizens can hedge against the impact of inflation on their purchasing power by diversifying their investments. Savers can consider investing their available funds in different categories such as bonds, real estate, fixed deposits, etc. In this way, they will be better able to cope with inflation and maintain and increase their value.
The second problem: the increased risk of investment increases the likelihood of loss.
It stands to reason that with the continuous decline in bank deposit rates and the annual increase in prices, people are more inclined to take money out of the bank and use it for various investments in order to obtain higher returns.
But in reality, the overall investment environment in the past two years has not been very favorable, investors have rushed to make a move, the probability of winning is low, and the probability of losing is high.
More importantly, the vast majority of depositors lack professional financial knowledge and experience, including the understanding of the risks of investment products, which is not enough.
Based on this situation, our recommendations are:
In the absence of professional knowledge and risk awareness, it is advisable to improve your financial literacy while saving. You can improve your knowledge of the financial markets by reading specialized books or taking financial training courses.
Wait until you have a certain amount of knowledge in your professional field, and it's not too late to invest in other areas, so that before investing, although you can't protect against inflation, at least you can guarantee the safety of your funds.
The third problem: the business is more risky and the failure rate is higher.
In the past two years, with the intensification of competitive pressure in the labor market, the income of ordinary people has also fallen sharply, and even many people are still facing unemployment after suffering from the impact of the epidemic, which has led to a sharp decline in the spending power of ordinary people in China.
Not only that, but in the face of the already competitive start-up market and the turbulent economic environment, many entrepreneurs have to face the reality that start-ups have difficulty surviving and operating risks. For the inexperienced, spontaneous company formation can add to the financial and psychological stress.
It is worth mentioning that there is now a serious overcapacity in all walks of life, and rents in factories, offices and shops are still high, and in this case, entrepreneurs want lower profits.
In the past, $300,000 might have been enough to solve the start-up capital challenge, but today, $300,000 is not enough in the initial stages, and if the resources are insufficient, it can make it difficult for the company to function properly, which in turn affects the financial well-being of the entrepreneur.
In the current situation, some tips for the business community:
It is advisable to conduct in-depth market research before starting a business to fully understand the market demand, competitive situation and development trends, so as to better evaluate the possibility of starting a business.
In addition, it is also recommended that you improve your professional skills and energy in the relevant field before starting a business, which will help increase the chances of success in the business, for example, you can improve yourself by working in the relevant field before starting a business.
Starting in late 2024, households with $300,000 or more in savings should keep in mind that inflation must be beaten as much as possible and maximize deposit yields without risk.
At the same time, it is not easy to invest in finance, and even more so when setting up a company. This is because, in the current environment, it is very risky to invest in financial management and set up a company. Not to mention those who are new to the industry, even seasoned veterans can also be at risk.
In conclusion, the first thing to do is to make sure that you don't lose the director next year. Do you agree to do this?I agree with the compliments!
Wan Zi Qianhong said: Every word of the article knocked out my heart, click"On the clock"and let me know that you are also working for life"Do your best"。