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Some people say that society is getting stranger and stranger now. That's right, in recent years, there have been a series of unexpected phenomena known as the "5 anomalies". These anomalies are closely related to the lack of money, which brings a certain amount of distress and anxiety to society.
The first major anomaly is that people are more and more fond of saving money. This phenomenon is not limited to middle-aged and elderly people, and more and more young people are beginning to realize the importance of saving money. They want to save more money when they still have an income to use in the future if they lose their jobs or their income decreases. At the same time, young people are becoming aware of the risks of investing and are no longer easily involved in high-risk capital markets, but are moving their funds to safer investment channels such as bank fixed deposits.
Behind this phenomenon is a reflection of young people's worries and uncertainties about the future. The economic environment has been unstable and stressful for young people. Positive saving behaviour is a way for them to cope with uncertainties about the future.
The second major anomaly is that high-end goods are starting to drop in price. After the pandemic, the high-end goods market has not ushered in a wave of revenge consumption, but has seen weak sales. Many well-known domestic and foreign car brands have announced price cuts**, and some property developers have also started to cut prices sharply to stimulate the market. However, this price reduction** has not had a noticeable effect.
Behind this phenomenon is not only the reason for the decline in purchasing power caused by the decrease in consumer income, but also the impact of the change in consumption attitude. At present, due to the decline in income, many middle classes are no longer pursuing the consumption of ** goods as in the past. At the same time, the downturn in the real estate market has also caused the demand for housing to shrink sharply, and people are more inclined to wait for housing prices to fall into an affordable range before buying.
The third anomaly is the increasing number of people prepaying their loans. Due to high housing prices, many families have to go into debt for decades to buy a commercial house. However, as we enter 2023, more and more people are choosing to pay off their loans early, even if they need to pay liquidated damages.
Behind this phenomenon are concerns about changes in mortgage interest rates and uncertainty about the economic outlook. Some people take advantage of a lower interest rate by paying off their mortgage early, then selling their original property and buying a new commercial home. Others are worried about future job losses or reduced income, so they choose to repay their loans early while they still have spare funds in hand, so as to reduce the pressure of possible future repayments.
The fourth anomaly is that the iron rice bowl is gradually disappearing. In the past, people both inside and outside the system enjoyed relatively stable jobs and incomes. However, under the circumstance of the decline in land revenue, the pressure on local finances has increased, which has led many localities to take measures to eliminate non-staff personnel and reduce salaries to reduce the pressure on fiscal expenditure. In addition, the downturn in the land market has also caused developers to reduce land purchases, which in turn has reduced the need for hiring.
Behind this phenomenon is the transformation of the economic development mode and the instability of the employment situation. With the decrease in land revenue, the local government is facing financial difficulties and has to take corresponding measures to deal with it. With the continuation of the land market recession, the gradual disappearance of the iron rice bowl has become an inevitable trend.
The fifth anomaly is the increase in young people who are not married and have children. In recent years, the number of newborn births in China has continued to decline, and the marriage rate has also been declining. Young people are increasingly reluctant to marry and even choose not to have children. One of the main reasons for this is the increasing pressure on the economy.
In modern society, raising children requires huge financial investment, and the cost of getting married, holding a wedding, buying real estate, and raising children has become a heavy financial burden. Especially with housing prices remaining high, many young people find it difficult to bear the financial pressures that come with getting married and having children. As a result, they choose not to marry or postpone childbearing in order to ease their financial burden.
The appearance of these anomalies reflects the current socio-economic situation and people's psychological state to a certain extent. The changes and uncertainties brought about by social development have made people more cautious about money and the future. In the face of these anomalies, we need to think deeply and analyze, and take corresponding policy measures to mitigate their adverse effects. Only by exploring new economic models and social mechanisms can we lay a solid foundation for social development.
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