How much savings do post-70s need to retire with peace of mind? The "passing grade" is here, have you met the standard?
Now, most of them are post-80s and post-90s, and they have also become adults and have begun to emerge.
But in comparison, the situation of the post-70s generation is very embarrassing. They are still some time away from retirement, but the youngest are in their forties, long past the age of the company's best employees.
Therefore, how much money did people in the 70s save to retire with peace of mind? The "passing line" has finally arrived! Look at your savings, are they enough?
We should make a comprehensive assessment of a person's life situation, not only from the material point of view, but also from the psychological, health, social relations and many other factors.
First of all, we need to consider the local economic situation.
From the point of view of economic development, the regions represented by Liaoning, Hebei, Tianjin, Shandong, Jiangsu, Zhejiang, etc., due to the particularity of their geographical location, their development speed is very fast. To be sure, their disposable income is higher than in other provinces.
Taking Jiangsu as an example, its household disposable income will reach 39,218 yuan in 2022, and Jiangsu will exceed more than 1 w. With the development of the economy, the disposable income of the post-70s generation is also getting higher and higher.
However, in the central part of China, due to its remote geographical location, poor transportation conditions, and the constraints of the small-scale peasant economy, the development of the commercial economy is relatively lagging behind. Similarly, the situation will be worse after the 70s.
Secondly, in large cities with rapid economic development such as Beijing and Shanghai, the post-70s generation can enjoy high-quality education, which has laid a good foundation for improving the living environment.
In those areas where agriculture is the mainstay, even in remote mountainous areas, the lack of adequate education has completely deprived these people of the possibility of turning over.
Of course, in recent years, the central and western regions have made full use of their own advantages to develop tourism, which has not only absorbed a large number of immigrants, but also promoted the development of tourism, making the gap between regions smaller and smaller.
In terms of mentality, the mentality of the post-70s generation is generally better. It has witnessed China's transformation from a planned system to a market economy system, experienced food shortages, housing shortages, and finally achieved a transformation of food and clothing, and people's livelihood and well-being. People born in the post-70s are generally very able to endure hardships and have a stable mentality.
When it comes to physical health, people in the 70s are not so optimistic. The older you get, even if your physique is better, you will have a feeling of ruthlessness over time.
Around the age of 40-50, suffering from a variety of chronic diseases, such as cardiovascular, diabetes, obesity, etc., these are common chronic diseases that give people a feeling of powerlessness.
Especially those who are under a lot of pressure at work, who get this disease at a young age, and when they find that they are powerless.
Looking at the social circle, I just think that people in the 70s are very stressed. Many people in the 70s are middle-aged and often face the situation of two children, one older and one younger.
The children have just entered the society, they are still studying, they don't have much savings, and their parents are also old, and it costs money to do anything. In case something happens, the only thing he can count on is himself, and he can only count on those peers.
Of course, a person's life situation is also related to marriage, children's academic performance, etc., which will have a certain impact on a person's life.
The days of the post-70s generation can only be described as "torture". He is on the verge of retirement, but he can't do without it.
Everyone has their own characteristics, how to calculate the retirement salary of the post-70s generation, there has been no unified standard, for example, according to the regulations, 60 years old is OK.
However, no one would have imagined that they would encounter the same thing at this time.
However, the so-called passing score is only relative to the average level, and it can be calculated only for most people.
According to the National Bureau of Statistics, the per capita consumption expenditure of Chinese households in 2022 will be 26,796 yuan, of which food consumption will be 298% and 22 for housing7%, 7983 yuan, or 6095 yuan.
By that time, most middle-aged men don't need to worry about their homes, so they can get rid of them. Therefore, if you don't count the house, everyone's salary is about 20,701, about 20,000 a year.
Then, let's calculate how long we really live. Life expectancy in Chinese has been steadily increasing over the past few years and rose to 78 in 20212 years old. If he was 60 years old, he would have to use twenty years of savings.
However, we can't be so budget-conscious, because we have to be well prepared. Well, if we can live to be 90 years old, then we need to be ready for 30 years. That's 600,000.
However, these do not include serious illnesses. However, data show that the prevalence and mortality of chronic diseases such as heart disease, cerebrovascular disease, and cancer are high among people in their 50s.
For example, in the age group of 60-69 years old, the incidence of diabetes is as high as 288%。According to incomplete data, more than 30% of the elderly population has diabetes. Over the years, the incidence of this chronic disease has increased.
Type 2 diabetes accounts for about 90% of all diabetes, and simply taking hypoglycemic drugs such as metformin costs hundreds of yuan per month, more than 6,000 yuan per year. In the event of serious complications, you will have to take other medications, and the annual cost of medicine will be about 15,000 yuan. Unfortunately, most people with diabetes have some complicated issues.
In addition, due to expanding domestic demand and an improving consumption system, the standard of living of Chinese residents has been developing steadily for more than a decade and will continue to rise in the future.
After all, it's only 600,000, which is still far from it. At least 800,000 yuan is required to have enough funds to deal with various crises.
Of course, if it is not common enough to calculate only on a per capita basis, we can separate the elderly in the urban post-70s and 70s.
Taking the urban population as an example, the consumption expenditure of urban residents in 23 years is 32,994 yuan, and when they retire at the age of 90, it is about 900,000 yuan, and if you count some important diseases, it is about 1.1 million.
Taking farmers as an example, in the past 23 years, the per capita disposable income of farmers has been 21,691 yuan, and if calculated in units of 90 years old, the annual expenditure for medical accidents is 800,000 yuan.
However, this is still in the absence of any guarantees, without any guarantees.
Of course, if you take into account other aspects such as pensions, large accidents, etc., that's a different story.
Do the math yourself, excluding illness and accidents, plus pension, have you reached the passing mark of 600,000?
Some people heard that it was 600,000 RMB, and they immediately burst into joy. There are also some people who start to blame themselves when they hear about 600,000.
Of course, don't be complacent about the first one, don't worry about the second one, you keep reading, the way to make money is always the hardest!
This can be divided into two scenarios, one before your retirement and the other after your retirement.
Before you retire, you are still young, work hard, study hard, improve yourself, and you will always be promoted. Even if you can't be promoted, learn more and open up, maybe you can find a path of your own, even if you can't lead the industry, at least you can mix the "most beautiful sunset red" and prepare for future work.
At the same time, they should properly control their daily expenses and make appropriate savings plans according to their actual situation and needs. Saving money is the key to seeing the importance of perseverance.
Of course, in order to achieve open source and reduce expenditure, not only "throttling", but also "open source" through financial management, deposit interest and other methods, so that "money" becomes "cash" and forms "passive income".
You can also get back to work after you retire.
You can consider your professional skills, hobbies, physical condition, and social needs.
The first is to educate and train students and provide guidance. Compared with young people who have just entered the market, many old people have more knowledge and experience, they can use their knowledge and experience to make money, they can do some education training and counseling, and do some professional consulting and counseling for enterprises or individuals.
The second is to do part-time work. As you get older, your body can no longer work as intensively as before, and you can also work part-time jobs such as retailers, domestic services, and temporary workers, and the working hours and intensity can be adjusted according to your preferences, and you can also earn a certain income to support your family.
In addition, in the post-pandemic era, remote work has become more popular, and services such as translation, writing, and design using the Internet have gradually become an emerging form of part-time work.
Third, start your own business. Maybe it's because they want to make up for some of the regrets of their youth, so some old people will start their own business, such as opening a shop and doing something else, but they can still make a lot of money.
So, at a young age, they can do some planning for their retirement and think about their future. No matter what it is, you can get a passing grade and then retire comfortably.