Chinese's Xi of being keen on saving money is rooted in the traditional ideas of the older generation. The gap between the rich and the poor in Chinese society is huge, and the poor often struggle to cope with sudden illnesses or disasters, so the pressure to educate their children to start a family has increased. Even if bank deposit rates are lowered in the context of the country's promotion of consumption, these factors do not change Chinese's preference for saving.
However, a large increase in per capita income could change the situation. According to the data for the third quarter of 2023, China's RMB deposits increased by about 2.2 billion yuan, and the proportion of household deposits reached about 1.4 billion, with an average monthly increase of 1About 600 million yuan. Although this number has grown significantly, not everyone can reach the level of savings per capita relative to China's large population base.
Among the people who have more savings, most of them are business executives, retired cadres, self-employed people and freelancers. Their incomes are higher than those of ordinary office workers, and their spending is more affluent. In contrast, the average office worker with a deposit of more than 200,000 yuan is a minority, mainly because of their low salary level. There are a lot of expenses such as living expenses and loan repayments, and there is almost no extra money to use for savings. However, office workers live a relatively stable life and don't have to worry about income** and how to manage large savings.
As banks' deposit rates continue to fall, deposit holders have to contend with the depreciation of their deposits and have to think about where to spend their deposits. Nowadays, the interest rate on one-year bank deposits has fallen to about 1%, making people with deposits less interested in banks. At the same time, the domestic consumption level continues to rise, and the price rate is more obvious. For example, a good pasta that used to cost only $10 can now rise to $20 for a serving of pasta**. At the same time, takeaway is also continuous, and 20 yuan takeaway is already cheap. This kind of price ** has had a profound impact on people's consumption concepts, and coupled with the depreciation of the yuan, it is worrying.
Investing is considered to be one of the ways to preserve and grow wealth, and there are many ways to invest at the moment. For example, you can buy ** or ** through Alipay, these investment methods have higher interest rates and less risk than banks. However, with the increase in the degree of financialization, finance** has also become more and more rampant. Even in such a relatively stable investment method, there are still many people who are deceived by the manager's words, and the invested funds cannot be withdrawn in time. However, more risky investment methods such as **, bonds and ** options, once they are in trouble, there is no chance of regret. As an example, A-shares have been hovering around 3,000 points for many years, and many investors have suffered heavy losses.
To solve these dilemmas, people need to improve their investment skills, increase their financial literacy, and rely on their keen judgment of the market. However, risks in financial markets are everywhere, which can be extremely challenging for the average person. Also, entrepreneurship is another way to solve the dilemma. However, not everyone succeeds in entrepreneurship, and more people fail than those who succeed. Publicity and inspirational stories about successful entrepreneurs can often be seen online, but in reality, many times these successful people are a thing of the past. The reason why they recommend these entrepreneurial methods to you is because you bring benefits to them. Therefore, for those who do not have savings, it can be a relief, at least a lot of worries, as long as the family is safe.
Saving money is a traditional concept for Chinese people, but in today's society, the dilemma faced by saving money is also different from the past. Changes in the economic environment and consumption attitudes have caused the value of savings to continue to decline, and more and more people are looking for other ways to preserve and grow their wealth. However, investment itself comes with considerable risks, especially for those who do not have sufficient professional knowledge and experience. Entrepreneurship is a solution, but the opportunity to succeed is not easy to come by. Therefore, there are different ways to solve the deposit problem for different people. When faced with a savings dilemma, it is also wise to pay attention to the safety and well-being of yourself and your family.