Why do people need to save money? In addition to protecting daily expenses, but also to buy a house, a car and other such “rigid” needs, in addition, there is a very important significance of saving money, that is, a rainy day, against the risk. Especially after the public health and safety incident, most people are aware of the importance of financial management.
Job hunting data shows that after the public health and safety incident, 85.93% of the working people said that their financial awareness has been enhanced. In fact, compared to many countries, Chinese people’s awareness of saving is very high. Zhou Xiaochuan, the governor of the central bank, has said that the current saving rate of residents is about 45%.
It can be seen that the people still love to save money. That is why China is called the world’s first “savings country”. At the same time, not only is it “excellent” in terms of savings, but it is also extremely indebted, with relevant data showing that the total indebtedness of the population has exceeded $200 trillion.
According to the calculation of 1.4 billion people, this is equivalent to a per capita debt of 130,000 yuan, such a high debt, from the “big savings country” to a “big debt” country. Why is the debt so high, where the people’s money is spent? The next step is to look through the data.
The total amount of personal mortgage exceeds 34 trillion yuan
As mentioned above, one of the reasons why people save money is to buy a house, a rigid demand, but I think we all know how high the price of housing is nowadays, can we really buy a house just by saving money?
According to the latest data released by the China Index Research Institute, in March 2021, the average price of new homes in 100 cities in China reached 15,916 yuan per square meter, a figure that rose by about 0.2% compared to February. As you can see, house prices have not only broken through 10,000 yuan, but are even showing an upward trend.
At the same time, this figure also rose by 4.07% compared to March 2020. From these figures, it can be seen that the price of houses is so high that ordinary people rely on saving money, when can they afford to buy a house? Therefore, the majority of families are carrying “debt” because of the house, which is often referred to as mortgage.
According to the central bank, at the end of 2020, the total balance of China’s personal mortgage has been as high as 34.44 trillion yuan, and this figure has increased by 14.6% compared to 2019, that is, more and more people choose to take out loans to buy a house; at the same time, the central bank also said that the mortgage has occupied 75.9% of the total debt of each family in China.
According to incomplete statistics, there are about 400 million people carrying mortgage in China, according to this calculation, on average, one out of every three people is carrying mortgage, because of this, mortgage has become the “main force” of the residents’ debt.
Overspending: 778 million credit cards issued
In addition to mortgages, people’s changing consumer attitudes have also become one of the main reasons for indebtedness, the word overspending I believe we are not at all unfamiliar, nowadays, this has become the norm for the majority of people.
In today’s so developed Internet, a variety of small loans software in the Internet development, there are many payment software first use and then pay, installment payment function, attracted a lot of “can not resist the temptation” of people, although the emergence of these software, can solve the problem of liquidity for many people, but also become a lot of people to meet the The “tools” of vanity for many people.
The uncontrolled loans, installments, no ability to repay the choice to “loan to feed the loan”, and eventually interest rolled over, and slowly fell into the “trap” of overspending.
In addition, nowadays, the application requirements for credit cards are also more relaxed than before, so the number of people applying for credit cards is also gradually increasing. Central Bank data show that by the end of 2020, the number of credit cards and debit cards issued reached 778 million, up about 4.26% from 2019.
At the same time, China holds 0.55 credit cards per capita, which means that about one in every two residents has a credit card. The central bank data also indicated that by the end of 2020, the balance of bank card credit repayable reached 7.91 trillion yuan, up about 4.26% from 2019; meanwhile, the total amount of credit cards overdue for six months was 838.64 billion yuan.
The rising figures show how “deeply rooted” the idea of overspending is, which can well explain why people are carrying so much debt.
In fact, in addition to these two points, there are many other reasons, such as car loans, because now the car has become a standard household, the loan to buy a car is also not a few people; there is also the daily living expenses are also becoming larger, since last year, the price of various types of goods, but also make people in the daily expenses become more.
Recent Comments