With a deposit of 500,000 yuan in hand, what is its level in China? Have you achieved it?

Today, with the rapid development of our country's economy, how many people do you think have a deposit of 500,000 in their hands? Maybe you will say that 500,000 is not a big sum of money. In urban families, many people should be able to afford it, right? The answer will surprise you. Is having a car and a house considered rich? Not necessarily. The premise is that you have to be debt-free and be able to cash out. To put it simply, having assets is not necessarily equal to money. Before it is cashed out, it is just the amount on paper. You live in a luxury house and drive a luxury car. You have unlimited glory on the surface, but you don’t have a lot of money in your pocket. There are many people with thousands of dollars, even heavily in debt and insolvent. Maybe you will say that I am alarmist, so let’s look at the relevant data and use the data to demonstrate the reasoning.

I won’t talk about the total deposits announced by the central bank. The amount seems quite large, but who does it belong to? Needless to say, you can guess that 80% of the wealth must be in the hands of 20% of the people, and the wealth distribution is not even. If you take this as an average, you will feel that you are too poor to survive, so the average number is not representative. I think the deposit insurance regulations and systems introduced by the central bank are relatively more illustrative of the problem. When setting the compensation for depositors' deposits, When it comes to the upper limit, we have done a lot of data research and concluded that savers with deposits of more than 500,000 only account for 0.37% of the total population. Therefore, setting the upper limit of compensation at 500,000 is equivalent to covering 99.63% of the people in the country. . Although this data was obtained in 2015, in just five or six years from now, I think this number will not change much.

If you don’t believe me, go back to the present and look back at the people working around you. How much are their salaries? Needless to say, most people have four to five thousand yuan, and many people don't even have that much. The city with the highest average salary in the country only has a salary of 10,000 yuan. We can exaggerate a bit. Assuming that everyone can get a monthly salary of 10,000 yuan, how much does it cost per year? It will take more than 4 years to save 500,000 yuan in cash without eating or drinking. But is this realistic? Leaving aside whether the salary is so high, just looking at expenses, in the Chinese concept, can one call home without a house? Daily food, clothing, housing, transportation, favors, car loans and housing loans, children's interest classes, parents' support and medical care, etc., which expenditure is a small number? Which one can be missing?

In this case, I think that a person with a monthly salary of 10,000 yuan, without any accidents, will be able to save a deposit of 500,000 yuan for at least ten years and have a smooth life. How many decades are there? Moreover, the salary just mentioned is hypothetically high, but the expenses are real. So don’t think that there are many people with 500,000 yuan in savings. I think there are very few. For most young people, they are already outperforming many people without debt.

So whether it’s from data sources or based on realistic reasoning, I think people with a deposit of 500,000 today can still outperform 99.63% of people in the country. Do you believe it? Everyone is welcome to leave a message for discussion. If you like it, please give it a follow!