Yang Ma inventories the real data of 500,000 domestic families, capital analysis and property market**.
Introduction: How high can a savings of 500,000 yuan be in China?Some people feel that this money is small, and many people feel that it is nothing. However, we cannot judge a person's financial situation based on this alone. Now, in the future, we're revealing how many countries can take out 500,000 of their savings at once, and why.
How many families in the country can pull out 500,000 yuan of savings at once?
Many people think that they can take out half a million savings at a time, which is a very large number. However, in the 2021 annual survey of the bank, it was only 037% of the inhabitants meet this indicator.
In other words, only about 1.73 million households out of 1.4 billion people can withdraw 500,000 yuan in savings at a time. This is a small number relative to the population as a whole. In fact, such odds are not even "one in a hundred".
On the other hand, this information is also confirmed. Currently, the Deposit Insurance Regulations limit depositors for losses is 500,000. The policy shows that the number of residents in the country who save more than 500,000 is not large, otherwise there would be no need to set such a high limit. Therefore, whether it is according to the statistics of the first bank, or according to relevant laws and regulations, it is relatively rare to be able to withdraw more than 500,000 yuan of savings at a time.
Case Study: Why Are Few Households Saving More Than 500,000?
1. The difference between assets and savings.
Many people confuse property with savings. This confusion has led to misunderstandings about people who have more than 500,000 savings. In fact, although some people are worth millions, most of them are spent on houses, so they don't have much money in their hands. Especially when a lot of households are saddled with debts such as mortgages, their net worth becomes less wealthy. Therefore, even if you have a lot of money, it is very difficult to withdraw 500,000 yuan at once.
2. Heavy debt burden.
In addition to the difference between wealth and savings, many people are burdened with heavy debt. Data show that the average debt of post-80s families is more than 200,000 yuan, and that of post-90s families is 120,000 yuan. In particular, some young people have formed a new family, and they are generally burdened with debts such as housing loans and car loans. In addition, young people's consumption concepts are more advanced, such as "eating more food" and "advanced consumption", which makes the debt pressure even greater. Therefore, for many people, it is a big burden to save enough money of 500,000 at once.
3. The price rate cannot keep up with the growth rate of residents' income.
In recent years, with the continuous rise of **, people's quality of life is gradually improving. Although the income from free use has increased, the increase in ** has exceeded this figure. Statistics show that in the first quarter of this year, the urban and rural areas were 39,428 and 15,705 yuan respectively. The monthly salary of urban households is 4,300 yuan, while in rural areas it is 1,700 yuan. As income grows, so do daily expenses, especially for children. Therefore, if you want to take out 500,000 savings at once, it is a big problem for most families.
The gap between rich and poor is beyond imagination.
From the savings accounts that can withdraw 500,000 yuan at once, we can see a more profound problem: the gap between the rich and the poor. This is not just according to the traditional "28 rule", in fact, only 2 percent own 80 percent of the property, and the other 98 percent own the other 20 percent. In addition, it is predicted that in the future, 2 percent of people will own 120 percent of their assets, while the remaining 98 percent will be in debt. Although the latter's view is somewhat exaggerated, judging from the results announced by China Merchants Bank, the degree of concentration of its assets is obvious. From 2007 to 2020, China Merchants Bank held 55 percent of its customers in and above the Golden Sunflower1% rose straight to 821%。This shows that our wealth is gathering at us faster and faster than we can imagine.
The causes of the gap between rich and poor are easy to understand. Wealthy people usually start their own funds very early, and they have the time, energy, and financial resources to invest in different projects, and the returns rise exponentially. However, for the average person, who is running for life every day, their wealth accumulation rate cannot be compared to that of the wealthy. As the years go by, the rich get richer and the poor get poorer, and this is the real Matthew effect.
The conclusion was reached:
In short, there are not many people who can withdraw 500,000 savings in the whole country at one time. Although the Chinese have the idea that they have the richest savings in the world, few families can have half a million savings at a time. The reason for this lies in the differences in the property and savings of Chinese residents, the excessive debt burden, and the incommensurate increase in price prices with the growth rate of residents' income. In addition, the gap between the rich and the poor is getting wider and wider, and the gap between the rich and the poor is getting wider and wider. Therefore, it is relatively rare for people who have the ability to save 500,000 at a time. We need to abandon the stereotype of "high wages and high expenditures" on the Internet, and look at and understand the real economic situation from a more objective perspective.