The leverage ratio of residents refers to the ratio of residents' liabilities to residents' income. Residents' liabilities come from mortgage, car loan, credit card consumption and ordinary consumer loans. The higher the leverage ratio of residents, the heavier the burden of residents, the higher the debt, and the source of income does not increase. In this case, it is easy to generate financial risks. China residents' leverage risk is controllable, with high savings rate and low probability of financial risks.

The lever level of China residents

According to the statistics of the leverage ratio of residents in major countries in the world, China ranks 22nd, which is at a medium level among the major economies in the world. In the first quarter of 20021,the leverage ratio of China residents decreased by 0. 1 percentage point compared with the previous quarter, and the leverage ratio of 62. 1% residents was lower than that of all developed countries.

The high savings rate of China residents ensures that the leverage ratio of China residents will not be too high. As a matter of fact, China's savings rate is much higher than the world average, so there is no need to worry about the financial risks caused by China residents' excessive leverage ratio. However, the main source of residents' debt repayment is disposable income. At present, the level of per capita disposable income in China is not high, and residents' debt cannot grow too fast.