Chinese people are accustomed to preparing for a rainy day. During the long-term development of the times, the Chinese people have developed an idea of ??"being prepared for danger in times of peace". They believe that saving more money in normal times can be used for emergencies in critical times. Take the public health incident at the beginning of this year as an example. Factories were shut down and companies were closed. Under such circumstances, it would be difficult to live without some savings.

Chinese people are famous for their love of saving money, and there is sufficient data to support this.

Data show that in 2000, my country’s savings rate was 35.6. By 2008, this number had soared to 51.8, an increase of 16.2 percentage points. While the national savings rate is soaring, China's international savings rate is also very impressive. Taking 2017 as an example, according to the IMF (International Monetary Fund) forecast, China's savings rate is 47, which is much higher than the world average savings rate of 26.5 and much higher than the savings rate of developed countries.

However, a high savings rate does not mean that residents have a high happiness index and consumption index. After all, most developed countries have not actually reached China’s savings level, but residents’ per capita consumption and quality of life are higher than those of Chinese residents. Much higher.

Take the United States as an example. In fact, according to a survey, more than 40% of residents cannot afford an emergency fund of US$400. In the event of an emergency and urgent need for money, they can only Selling property or borrowing money from relatives and friends.

The reason why this is the case is inseparable from the consumption habits of local consumers. Americans don't like to save money, and the social consumption trend itself is more biased towards "advanced consumption". Most foreigners actually prefer to use credit cards to spend. In recent years, Chinese consumers have gradually been impacted by Western consumption concepts and have begun to consume in advance.

It is reported that so far, the total debt of Chinese residents has reached 200 trillion yuan, the per capita debt has reached 130,000 yuan, and the national savings rate is also declining. However, residents’ wages are also growing, so where is the consumer’s money going?

Buying a car and a house

In the past two decades, China’s real estate market has developed rapidly. For Chinese families, buying a car and a house have become the benchmark for starting a family and starting a business. But today's average house price has risen to about 10,000 yuan. Buying a house can cost millions. Add in the necessary cars, wedding gifts and banquets. Basically, not only do you have no savings, you often have to carry a lot of debt. . It usually takes 20 to 30 years to buy a house with a mortgage, which overdraws your purchasing power in advance and traps you in an "indestructible loop".

Inflation

In other words, it is what everyone often calls rising prices. Prices have risen relatively rapidly in recent years. 20 years ago, everyone’s salary might have been around one or two thousand yuan, but now it is basically around three to five thousand yuan. However, the purchasing power of money has also become worse, and money has become more and more expensive. The less valuable it is. Even the salaries of many people have not changed much, but the price level continues to rise. Therefore, it is good if the salary level can maintain basic expenses, not to mention being able to save money. Under such circumstances, high-consumption activities such as buying a house naturally require borrowing to relieve stress.

Changes in consumption concepts

In addition, consumers' consumption concepts are also changing. More and more people are beginning to advocate the consumption concept of "there is wine today and drunk tomorrow", plating "advanced consumption" gold". As a result, more and more people are affected: if you consume in advance, you will have no money, if you don’t consume in advance, you will have no money, so why should you make yourself miserable? Therefore, the concept of advanced consumption has caused more people to start borrowing money, so where does everyone’s money go? Everyone’s money was still spent by themselves.

Based on the above statement, the savings rate of Chinese consumers has declined and the debt ratio has increased. The per capita debt of 130,000 yuan is due to the concept and behavior of excessive consumption. But is the per capita debt of 130,000 really the norm? Do you have any savings as risk expenses in your life?