Consumption is declining, but consumer loans are increasing substantially. Obviously, this illustrates a problem of declining income. Because income drops, consumption decreases, and because there is no income to support consumption, consumer loans are needed to support consumption.
What is a loan? It is debt, which gives you the future discounted cash flow method for your present use through interest rate, so you must ensure your future cash flow, otherwise you will fall into debt trap and credit collapse. Basically, all crises are related to cash flow disruption, ranging from national governments to individuals.
Nowadays, consumer loans have become a pervasive thing. Whether it is a physical store or an online shopping platform, you will be induced to pay by installment, buy a mobile phone by installment, report to a training class by installment, and order food by installment. In addition to installment consumption, it also provides various unsecured credit loans for installment repayment. Fill in the book and scan the code to complete the loan procedure, which is too simple and convenient.
Moreover, the advertisements for installment consumption and installment loans are very attractive. Why do you want to borrow ten thousand dollars? The daily interest is only a few dollars, which is not enough for a pack of cigarettes. In fact, people who know how to calculate the economy and society, if the daily interest rate is five ten thousandths, the annual interest rate is 18.25%, which is a proper usury!
These consumer loans like young people best, because young people have time in the future, and a lot of youth and time are used to pay off debts and lend them to the elderly. If they accidentally go to another heaven, who will they ask to pay back the money? Therefore, the elderly generally do not borrow, only borrow young people.
Are you clear? Consumer loans are actually the squeezing of young people by capital. Everyone is young, knows the taste of youth, has little money in his pocket, and the world is very novel. He is eager to have a try. At this time, it is easy to fall into the cage of consumer loans, so he will use the future to pay for youth and frivolity.
Of course, we can't deny the positive significance of consumer loans, but we should try a little and don't overdo it. It is easy to be frugal, but difficult to be frugal. The slow growth of the world economy now means that the life of young people will be more difficult, because the existing means of production and market are in the hands of the elderly, and new technologies and incremental markets have not yet appeared. Young people need to wait for the opportunity to accumulate money, instead of rushing to spend and focusing on accumulation.
Support loans with loans, and support health with loans.
The introduction of consumer loans aims at promoting consumption and stimulating domestic demand. The starting point is good. Unfortunately, post-lending supervision and capital flow are not strictly controlled. In fact, many consumer loan funds have flowed into investment and wealth management, production and operation, stock market and property market, and even gambling violations.
Why is the consumption level of residents declining, while the consumption loan business of financial institutions is increasing? Where's the money?
I have explained the above answer. The loan funds are not used for consumption. In fact, the use of consumer loan funds is clearly defined and can only be used for comprehensive consumption: house decoration, car purchase, purchase of durable consumer goods, study abroad, tourism and so on.
Financial institutions pay more attention to customers' income sources and repayment ability when issuing consumer loans, and the purpose of loans is basically a formality. As a result, the loan business has greatly increased, but it has not actually been used for real consumption purposes.
Now, not only financial institutions issue consumer loans, but also major Internet platforms are making consumer loans. Moreover, the threshold for the issuance of Internet financial platforms is lower, and financial institutions should at least review customers' income sources and repayment ability. The internet platform can't manage that much, so give the quota first.
This imprecise operation method has led many borrowers to borrow the new and repay the old, robbing Peter to pay Paul, and finally the snowball of debt is getting bigger and bigger, which is difficult to end. On the other hand, the business volume of debt collection companies has surged, and borrowers have been harassed by violent collection while bearing the debt pressure, making a good life a chicken feather.
Friends, do you think the increase in consumer loans is a good thing or a bad thing? Please leave a comment!