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Is it really good to have a deposit of more than 100,000 yuan? Banks interpret the reality of deposits
In recent years, residents' enthusiasm for saving has been high. As of the end of October 2023, China's domestic and foreign currency deposits totaled 2,872.8 billion yuan, and personal deposits totaled 1,349.8 billion yuan. Press China 14With a population of 1.2 billion, the per capita savings are about 9$550,000. If calculated as a family of three, the average household deposit is about 28670,000 yuan. That's very close to the $300,000 mark.
Therefore, some people have proposed that there must be many families in the country with savings of more than 300,000 now! In this regard, some banks** said that not to mention that household deposits reach 300,000, as long as the deposits exceed 100,000, they are already very high. In fact, some scholars revealed earlier that 90% of domestic families could not take out 100,000 yuan.
However, some people may find it strange that the average net worth of our urban families exceeds 3 million yuan, so don't most families even get 100,000 yuan? In fact, the average net worth of our family is more than 3 million yuan, mainly because of the high property prices and the existence of a big bubble. When the price of the property is **, this wealth will quickly diminish.
In addition, although the assets of urban households exceed $3 million, this includes mortgage payments. Obviously, there's a lot of moisture in this number. At the same time, the liquidity of the house is much less than that of a deposit. Therefore, there is no necessary connection between family assets exceeding 3 million yuan and most families not being able to pay 100,000 yuan for the house.
Of course, there are also some netizens who believe that it is not uncommon to have a deposit of more than 100,000 yuan, and now families should be able to come up with so much money. The reality is that most households do not have a deposit of $100,000 for three main reasons:
First of all, the income of the working class in our country is not high, usually between 3 and 6 000 yuan. According to the tax department, only 15% of those with a monthly income of more than 5,000 yuan are employed. However, the cost of living, medical care, children's education, social living and other expenses are increasing year by year. As a result, many families struggle to save much money despite their busy schedules throughout the year. It's no surprise that household savings don't reach $100,000.
Secondly, housing prices are still high across the country, and it takes at least 1.6 million to 2 million yuan to buy a 90-square-meter commercial house in second- and third-tier cities. As a result, more than 90% of residents not only have to empty all their family savings, but also owe banks for decades in mortgages. A large part of their monthly salary income is used to pay off their mortgage, and the remaining disposable income can only cover basic living expenses. Such a family only has a maximum of tens of thousands of yuan in savings, and it is very difficult to reach more than 100,000 yuan.
Third, the consumption concept of the Chinese people has changed. In the past, people liked to save money, or at least break even. But now, a lot of people like to live a life of overconsumption. Since these people do not have a high income, but they want to live a high-consumption life, they can only achieve it through overdraft consumption platforms such as bank credit card overdrafts, loans, and Huabei.
Especially the post-90s group. Data shows that nearly 90%."Post-90s"Heavily indebted, with an average debt of $127,000 per capita. As a result, many people are currently in debt and have little to no money in the bank. For this group of people, it is already very good to be able to pay off their previous debts, and it is simply unrealistic to expect them to have more than 100,000 yuan in savings.
Is depositing more than $100,000 really a big problem these days?The answer of the bank** is"Yes"。At present, most families have savings of only tens of thousands of yuan, and some families even have almost zero savings. Therefore, a deposit of 100,000 yuan is already very substantial. Many people may find it incredible, but it's true.
So, why is there a rapid increase in residents' deposits across the country?The main reason is that the gap between the rich and the poor in China is relatively large. The number of deposits of a few people is growing rapidly, while the savings of most households are growing slowly. This fact is illustrated by previous data from China Merchants Bank, which shows that 2% of depositors own 80% of deposits, while the other 98% have only 20% of deposits.