For your better reading and interactive experience, in order for you to see more content in time, please click "Follow", we will update wonderful stories for you every day, share different story moments!
Preamble:
Have you ever heard of "money is afraid to spend"? This seems to be a phenomenon that makes people smack.
Some people say that this is an excuse for not having money, while others think that it is due to lack of energy.
But what is the truth?
Why is there a lack of spending power?
Mr. Bai Yansong, his calmness and wisdom left a deep impression on people.
Earlier, he asked in a video interview, but it ignited the enthusiasm of the whole network: "Why do ordinary people dare not spend money when they have money?"
This question, like a bombshell, instantly detonated the Internet and became a hot topic.
Behind this problem, it reflects the unique saving culture of the Chinese.
In recent years, the scale of Chinese residents' savings has continued to grow, and from 2018 to 2023, it has increased by 7.3 trillion yuan, which is an astronomical figure.
Under such circumstances, one cannot help but ask, why is this happening, and why is there money but not willing to spend it?
To understand this phenomenon, we first need to examine the Chinese concept of saving.
Since ancient times, Chinese have had the traditional concept of "being prepared", and saving is seen as a source of security.
In the face of uncertainty in life, saving is seen as the most effective means of risk prevention.
Therefore, when income increases, many people prefer to save rather than spend.
China's social security system is not yet perfect, which is one of the reasons why people tend to save.
Compared with developed countries, there is still a gap in the level of social security in China, and the protection of medical care and pension is relatively weak.
Therefore, in order to cope with possible unexpected situations in the future, people are more willing to keep their money in their hands for a rainy day.
In addition, the change of consumption concept is also an important factor affecting the level of consumption.
Although with the rapid development of the economy, people's income levels continue to increase, but the concept of consumption is relatively conservative.
The traditional concept of "frugality first" is still deeply rooted in the hearts of the people, and many people are not interested in luxury goods and high consumption, and are more inclined to rational consumption and rational investment.
In addition, the investment attributes of real estate are also one of the important factors affecting consumption.
In China, real estate is seen as one of the safest ways to invest, and many people invest most of their wealth in the real estate market rather than spending it.
This has also led to a relative lag in the level of consumption.
M2 Data Demystified:
Don't believe me, let's take a look at the data!
In 2023, M2 grew by a full 9.7%, which may seem like a sign of abundant funds, but in reality it is not so simple.
Why is there more and more money in bank accounts that are not being used effectively?
We need to be clear about the difference between "deposits" and "assets".
Mr. Bai Yansong once mentioned this problem, deposits are only a part of assets, and assets include real estate, stocks, funds, etc.
At present, many people rely too much on deposits and ignore more diversified asset allocation.
This behavior has also led to an increase in deposits in bank accounts, but the overall asset allocation has not improved.
Changes in spending habits are also an important factor influencing money hoarding.
With the improvement of living standards, people's consumption concepts are also changing.
Despite having more money at their disposal, many people still maintain frugal habits and are not interested in luxury goods and high spending.
This conservative view of consumption has led many people to prefer to keep their money in a bank account rather than spend it on spending.
In addition, uncertainty about the future is also one of the reasons why people are reluctant to spend.
Despite continued economic growth, there are still certain concerns about the future state of the economy.
In the face of possible risks and challenges, people prefer a conservative approach to fund management, saving funds for emergencies.
Similar to individual behavior, businesses are also engaged in similar hoarding of funds.
Influenced by market conditions, many businesses choose to keep their funds in their accounts rather than investing or expanding.
To a certain extent, this behavior inhibits the vitality and growth of the economy.
Behind the growth of deposits:
There is indeed a lot of speculation about why everyone has a situation where they "dare not spend money".
Some people believe that because of the economic downturn, people choose to save for the future.
This speculation is not unreasonable, after all, in times of economic uncertainty, people tend to be conservative in managing their finances in case of emergency.
In addition to the economic downturn, there are other factors at play.
For example, people's worries about the uncertainty of the future, distrust of the social security system, and traditional notions of frugality have all influenced people's spending decisions.
The combination of these factors has led to the accumulation of money rather than consumption.
Now that the problem has arisen, a solution is needed.
As mentioned, one of the best ways to regulate your income is by investing in entrepreneurship.
The continued investment and entrepreneurship of the wealthy can not only create more jobs and tax revenues, but also drive consumption.
In the process of investing in entrepreneurship, it is not only about investing money, but also about buying equipment, hiring employees, leasing office space, and other expenses, all of which will contribute to the vitality of the economy.
What's more, the investment and entrepreneurship of the wealthy can also promote technological progress and social development.
Through continuous innovation and investment, new technologies can be applied to drive society forward.
Historically, it was precisely because of the lack of investment and innovation that ancient societies made slow progress and fell into technological stagnation.
Today, we are in an era of rapid technological development, and investment and entrepreneurship are even more crucial.
It can be said that the investment and entrepreneurship of the rich is not only the source of economic power, but also the key to social development.
Only through investment and entrepreneurship can we break the "deadlock" of economic development and promote sustained economic growth and social progress.
Therefore, the government and society should encourage and support investment and entrepreneurship, create a good entrepreneurial environment, stimulate more people's entrepreneurial enthusiasm, and jointly promote economic prosperity and development.
Epilogue:
After all, China is facing not only the problem of sluggish consumption power, but also a major problem related to social development and stability.
We are all members of this society, and we must work together to solve this problem!
What do you think about this? Welcome to leave a message in the comment area to discuss
Disclaimer: The picture material comes from the Internet, if there is any infringement, please contact to delete!
Warm reminder, this article is the first work of the original headlines, it is forbidden to move to other platforms within 72 hours, the rights protection function of the whole network has been opened, and the plagiarism porter has complained and reported on the whole network, thank you for your understanding!