1. The high cost of living.
With the development of social economy, especially the acceleration of urbanization, the cost of living is rising. Especially in first-tier cities, the high costs of rent, catering, transportation, education, medical care, etc., make young people's monthly wages very little. In the face of such pressures, young people often struggle to squeeze out more money to spend.
Second, the change of consumption concept.
Compared with their predecessors, there are obvious differences in the consumption concept of contemporary young people. They pay more attention to the quality of life and personalized needs, and pursue a fresh and trendy consumer experience. The popularity of credit payment tools such as credit cards, Huabei, and Jingdong Baitiao has made it easy for them to meet their desire for instant consumption. Against this backdrop, young people are more likely to fall into the "consumption trap", which makes their financial situation worse.
Third, the pressure of employment competition is high.
At present, the problem of college students' difficulty in finding employment is becoming increasingly prominent. After graduation, many young people have to endure low salary, 996 and other working conditions in order to find a suitable job. This makes them even more financially stretched and struggling to save.
Fourth, the social security system is not perfect.
Although China's social security system exists, there is still a certain gap compared with developed countries. Especially in medical care, elderly care, etc., many young people still feel greater pressure. Against this backdrop, they prefer to choose "instant enjoyment" rather than keeping their money in the bank.
5. Lack of financial management concepts and abilities.
On the one hand, due to the low popularity of financial education in China, many young people lack basic financial knowledge. On the other hand, due to the high pressure of work and life, they do not have enough time and energy to study financial management. Therefore, the lack of financial management ability and awareness is also an important reason for not being able to save money.
In the face of this phenomenon, we should start to help young people improve their financial well-being in the following ways:
1.Improve the level of financial education and cultivate young people's financial management concepts and abilities.
2.Improve the social security system and reduce the pressure on young people in medical care and pension.
3.Guide young people to establish a correct concept of consumption and make rational use of credit payment tools.
4.Employment support for young people to increase their income levels.
5.Create conditions that encourage young people to invest and manage their finances.
In short, the phenomenon of young people not saving money is not accidental, it is the result of a combination of factors. To change this situation, we need the joint efforts of all sectors of society. Only in this way can young people have a better future.