After the Spring Festival, the people will face five practical problems, and they should be prepared as soon as possible
Time flies quickly, and soon it will be January 2024, which is a memorable year for the people of the whole country.
Although since last year, as the virus has gradually subsided, people's work and life have gradually returned to normal, everything was not expected at the beginning.
While the unemployment situation is severe, the property market is also showing a weak trend, coupled with the decline in people's consumer demand, which has brought great difficulties to the operation of enterprises.
Against this backdrop, the government has also introduced a series of measures to restore people's confidence in economic development.
Although 2022 is coming to an end and the impact on the economy is not very great, in many ways, there are some signs of improvement.
Faced with such a situation, some industry experts predict that it may be even more difficult in 2024? After the New Year, people will face five practical problems, know in advance, and prepare early.
01 The problem of difficulty in finding employment still exists
Prior to this, Professor Wang Mingyuan's article "How Many Young People Are Unemployed" at the Environmental and Energy Law Research Center of Tsinghua University has aroused heated discussions on the Internet. In this article, there are some important statistics:
First, in 2020 and 2021, about 2 million graduates each year – or 15% – were unable to find work. By 2022, that proportion will double to four million, or 30% of the total.
Second, layoffs in enterprises and the closure of a large number of micro, small and medium-sized enterprises have resulted in a large number of laid-off workers. Judging from the number of people who have paid for basic pension insurance and medical insurance for urban workers, there are currently about 350 million employees on the mainland, which means that there are 35 million people who are currently unemployed, and 25 million are young people alone.
Third, if this issue is not properly addressed, five million young people will remain unemployed in the next five years, meaning that by 2028, 50 million young people will be unemployed.
The number of unemployed people is huge, how can it be solved?
What's more, by 2024, there will be more than 11 million college graduates in our country, however, the recovery rate of companies is not as fast as expected, and many companies are still struggling due to the decline in residents' consumption needs, overcapacity, and fierce market competition.
After the Chinese New Year, more people will look for jobs, but due to the impact of the economic situation, the number of enterprises with labor demand will be greatly reduced.
When there are more people, it is more difficult to find a job. Therefore, after the Chinese New Year, when young people are looking for a job, it is best not to be picky, but to find a job to support themselves, and only after they become stronger, richer, or the country's economy starts to improve, can they consider changing jobs.
Second, it is more difficult to operate physical stores
According to online statistics, as of November 15, 2022, more than 500,000 enterprises have closed down in mainland China, 3.18 million individual industrial and commercial households have been cancelled, 247 listed companies are on the verge of exit or bankruptcy, and nearly 780 million people are in debt, with an average debt of 140,000 yuan per person;
At present, more than 400 million cards are overdue, and the number of overdue users has reached 29.41%, which is equivalent to 3/3 of the people holding credit cards.
But in the same way, job search platforms and apps such as BOSS Zhipin and 58.com have exceeded 200 million active people every month, an increase of nearly 190% year-on-year.
On the demand side, about 40,000 businesses in the U.S. have been out of business since last July. Affected by various reasons such as layoffs, salary cuts, and layoffs, many people's incomes have declined significantly, which has caused the mainland's economic development momentum to lack and consumption has contracted as a whole.
However, consumer spending will directly affect physical stores, coupled with the emergence of e-commerce and live streaming, making it much more difficult for merchants to operate.
The most important thing is that although the business of physical stores is not easy to do, the rent is still not a dime, and it is conceivable that in 2022, it will be more difficult to open another store.
03 Prices continue to rise
Now the price is getting higher and higher, and the original five catties of oil per ton are now seventy catties a catty. Although since the second half of last year, there have been signs of price reductions in common vegetables such as vegetables, fruits, meat, eggs, etc.
However, since the outbreak of the Russian-Ukrainian war, oil prices have been rising, with the average price of No. 95 gasoline at 7.1 yuan/L in 2019, and by December 2023, this price will still remain around 8 yuan, and in some places it will reach more than 9 yuan.
If the price of oil remains high, there will be no significant drop in transportation costs, which means that in recent years, the price of daily necessities for residents has remained high.
Moreover, with the changes in the global economic situation, many people in the industry are worried that oil prices will continue to rise in 2024.
04Increasing pressure to repay debts
The overall economic situation is not promising, especially for people who are already heavily indebted, and it will be more difficult to repay loans in 2023.
According to China's enforcement information disclosure website, as of 13 February this year, there were 84,663 known judgment defaulters nationwide, more than 8 million! This does not include the number after February.
In addition, the number of untrustworthy people is expected to continue to increase this year due to the slowdown in economic growth and the continuation of the trend of downgrading consumer ratings. Therefore, I advise you to borrow as little as possible, spend as much as you can, and do what you can in the new year!
05 Financial institutions have difficulty in capital investment
The weak economic situation has put a great burden on those who are in debt, and those who have money are even more troubled by their own financial problems. On the one hand, inflationary pressures are rising, and on the other hand, there is an increasing risk to money management as interest rates on bank savings continue to fall.
This also means that if you still have some spare money in your hands, then by 2024, the most direct problem is the decline of the yuan, the decline in spending power, and the difficulty of making another investment will be greatly increased.
At the end. In the past two years, due to the recession of the real estate industry, many professionals are feeling headaches in order to promote the rapid recovery of the mainland's economy, and many professionals have given their valuable opinions, but most of them are proposals to stimulate consumption, and some scholars have directly pointed out that because the mainland's savings rate has been rising in the past two years, the new deposits are also increasing, and the people are desperately saving money instead of spending, which makes the mainland's economic situation worse.
In his opinion, only a very small part of the people who can save so much money, such as Ma Yun and Wang Jianlin, each of them has hundreds of millions of savings. In fact, this is not the only problem right now, ordinary people are facing huge pressure on housing, cars, children, medical care and pensions, and have no extra savings every month. Therefore, I advise you experts to put your ideas in the pockets of the rich!
In addition, in view of the above-mentioned reasons, there is a certain psychological burden on people's daily lives, so please be mentally prepared to face these problems head-on.
Whether you have money or not, you must learn more skills so that you can be more competitive in the workplace. Save more, spend less, and increase your debt more carefully.
In addition, if you have enough time, you can also learn more about finance, and even if you don't have enough funds now, you can be fully prepared for future investments.
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