Hurun Family Wealth White Paper: Education expenditure on children of wealthy families is expected to be nearly 1.6 million

Surging Financial News

On December 15, Jianxin Trust and Hurun Research Institute jointly released "Let Family Trusts Enter Thousands of Households - Deeply Cultivating the Era of Family Trusts 2.0" (2021 China Family Wealth Sustainable Development Report).

According to data provided by China Trust Registration Co., Ltd., "As of the end of September 2021, the scale of family trusts was about 310 billion yuan, rising for six consecutive quarters; the number of surviving family trusts was about 15,000; and 59 of the 68 trust companies carried out family trust business."

According to the Hurun Wealth Report, which is released every year, people with a family net worth of 6 million yuan are defined as wealthy people.

According to the report, more than 90% of the wealthy people said that customized investment is very important, and nearly 90% of the wealthy people tend to look for professional institutions. Among them, the average expenditure of the children of wealthy families in the whole cycle of education is expected to be nearly 1.6 million yuan. Nearly 90% of the wealthy families surveyed expressed great expectations for the Children's Trust. At the same time, the affluent people surveyed believe that the average pension that needs to be saved for old age is 4.2 million yuan. At this stage, the funds needed to meet the education of children are still the core needs of the families of the wealthy population. (The Paper's reporter Sun Mingwei)

Editor-in-Charge: Wang Qiwen