For most ordinary people, saving is the most important way to accumulate wealth. Although people are now accustomed to excessive consumption, savings are still a topic of concern for everyone. With savings, one can buy a house, a car, and improve the sense of security in life. Nowadays, the savings level of Chinese people has generally increased, so what is the average level? Have you reached the passing line?

National average level of per capita deposits

According to data from the central bank, from January to September 2020, China's resident deposits increased by 9.95 trillion yuan, with an average deposit of 7107 yuan per person. That is to say, in the first nine months of 2020, the average person's savings increased by 7107 yuan. Do you have more money saved than that?

Let's take a look at another set of data. As of September 2020, the total deposit of Chinese residents was 92.09 trillion yuan, with an average per capita deposit of 65870 yuan. In addition, among them, 560 million people had a deposit balance of 0. According to the calculation of a family of three and two laborers, the per capita deposit should reach about 130000 yuan to pass.

How many people can pass?

According to the per capita deposit level of 65870 yuan, how many people can pass? Where can we take a look at the data of major first tier cities? According to relevant surveys, the per capita deposit in Beijing is about 189246 yuan, which is much higher than the per capita deposit standard. However, in 2020, the permanent population of Beijing was only 21.535 million, while the population of Chongqing reached 35.6231 million, but the per capita deposit was only 61751 yuan. Beijing, Shanghai, Guangzhou, and Shenzhen are considered cities with relatively high income levels, with a large number of high-income people gathering here, and of course, the per capita savings are also relatively high. However, China still has a large population distributed in second tier and below cities, as well as vast rural areas. The population in these areas has lower income levels and lower per capita savings.

For rural populations, the source of income is very single, relying solely on agriculture can only maintain basic food and clothing, and saving is impossible. Some rural people do small businesses in the local area, and if the business is good, their income will be slightly higher. However, doing business in rural areas is mostly done by all family members, and the average income per person is not much.

Most rural young people go to work in cities, usually working on assembly lines, or delivering food or express delivery, earning a hard working income that is not high.

In addition, whether in urban or rural areas, people will choose to purchase and build houses when they have savings. Cities purchase commercial housing, while many people in rural areas choose to build their own houses. Many people who purchase houses in cities will choose to take out loans to purchase, which will occupy a large amount of people's savings. Many people also carry hundreds of thousands or even millions of debts when buying houses, let alone deposits.

In theory, it is not difficult for Chinese households to achieve per capita savings, but the real difficulty is quite enormous.

Firstly, there is a significant wealth gap in domestic society, with a few people having a large amount of deposits, while 560 million people do not have deposits in the bank. According to data from the central bank, many ordinary people only have around 24000 deposits in the bank, mainly to cope with unexpected needs, while the rest is deposited by a small number of wealthy people.

At the same time, the income of ordinary people is not high, roughly between 3000 to 8000 yuan. They usually have to eat, drink, and pay rent, and the remaining money is not much. It is good to not owe money to the bank, but it is difficult to reach the family deposit pass line announced by the central bank.

Secondly, there are 300 million people in China who need to repay their home loans. No matter how high their monthly income is, there won't be much money left when it comes to repaying their home loans, and this situation will continue for 20 to 30 years. So, Chinese households barely have enough disposable income to feed themselves every month, and there are very few assets left that can be truly invested. So, for most households with mortgage and car loans, it is really difficult for them to save enough to meet the national average. Some people have a decent income, but paying off their mortgage every month is like a large sum of money. After spending money on food and drink, there won't be much left.

Thirdly, children's education is also the place with the greatest investment. According to big data, in addition to paying off mortgage payments, Chinese people also spend a considerable amount on their children's education. In the consciousness of many people, they can save anything, but their children's education and life cannot be saved.

In addition to eating well and using well, children should attend interest classes at a very young age to cultivate their interests and hobbies. As they grow up, if they are afraid of poor grades, they should seek tutoring or tutoring classes. Going to college also incurs significant expenses, and many families have to send their children to overseas universities for further education. The cost of raising a child now ranges from 400000 to 1 million, which is not inferior to buying another house.

The average per capita deposit announced by the central bank is over 60000. If a household has 190000 deposits and you do not have any external debt, it is considered a pass. The reason why we need to save some money in the bank is mainly to cope with unexpected events in our lives. At the beginning of 2020, the epidemic had arrived, and if there were no savings at home, life would really be difficult. In real life, it is indeed difficult for an ordinary family to save up to 190000 yuan, as factors such as housing loans, children's education, and low income are all factors that restrict you from saving money. I don't know how many deposits everyone has now, has it already reached the per capita standard of the central bank?