#精品长文创作季#
Nowadays, young people are under more and more pressure, especially financial pressures. Every young person is longing for financial freedom and a life of freedom without looking at others.
There are even many young people who say that they really want to lie flat, but the current form is "lying and lying flat, rolling and rolling can't win", if they can have 1 million, it would be good if they had 1 million, and if they had 1 million, they would lie flat immediately.
Correspondingly, now, under the influence of the policy, various commercial banks have begun to reduce the interest rate on deposits, and the money stored in the bank has become less and less valuable, and the interest is becoming less and less.
So in the current era, if one million is put in the bank, does not go to work to earn money, and starts a beautiful "lying flat" life, is this million enough for us to live?
First, bank interest rates are gradually decreasing
For many developed countries, a low-interest life has been accepted by the people, and Japan has even experienced an era of zero interest or even negative interest rates in recent decades, which means that we not only cannot get interest when we go to the bank to make a deposit, but also have to give money to the bank.
What is worrying is that we may also have to go through such a period, starting from 2021, our country's bank deposit interest has been declining year after year, and our 3-year deposit interest rate has been reduced by nearly 2 percentage points in about two years.
With the Federal Reserve's continuous interest rate hike policy, the return of international capital to the United States has accelerated, and a large amount of capital has flowed out from the mainland capital market, resulting in our current economic situation not being too optimistic.
On the other hand, the mainland's investment market is weak, and we all know that the troika driving economic growth is "investment, consumption, and exports." At present, the mainland's export situation is not good, and both consumption and investment appear to be weak.
In this situation, we must introduce certain policies to stimulate consumption and investment. For investment, high loan interest rates have become a problem, and for consumption, low deposit interest rates can encourage people to take out their deposits for consumption.
Therefore, in this situation, interest rate cuts have become a helpless move, which can promote consumption and investment, stimulate economic circulation, and promote the early recovery of the mainland economy.
For us Chinese, we usually say that 60 years is a Jiazi, in the terminology of Western economics, 50-60 years is a long economic cycle, that is, the Kondratiev cycle, and the current mainland economy is in a less optimistic cycle.
So the state must find a way to stimulate economic recovery. Bank interest rates have been repeatedly reduced, which has been welcomed by many entrepreneurs, but has made many investors miserable.
For banks, the operating costs of banks are constantly increasing, and in the past few years, banks have issued a large number of large certificates of deposit, and for them, they did not expect that the return on investment would decrease so quickly.
Now, as the real estate market continues to slump, banks' personal loan business is also decreasing, and for banks, the investment income they can obtain is also rapidly decreasing, so in order to smooth out operating costs, interest rate cuts have become the only option.
For example, if the bank's three-year annualized interest rate is 4%, then we can get 400 yuan of interest per year for a deposit of 10,000 yuan, then 1 million yuan is 40,000 yuan of interest per year, which can still meet the basic life.
However, if the annualized interest rate of the three-year deposit is now reduced to 2%, and the interest of a deposit of 10,000 yuan is only 200 yuan per year, and the interest of 1 million yuan is only 20,000 yuan per year, which is directly cut in half, and the pressure on life will suddenly increase.
And what is terrifying is that even so, our interest rate cut has not stopped, and there is still a large possibility of interest rate cuts. If the mainland really enters an era of negative interest rates, then these deposits will not only not receive interest, but even the principal will not be guaranteed.
2. Persistent inflation
For many of us ordinary people, one million can be said to be a huge amount of money now, and many ordinary people may not be able to save more than one million savings in their lifetime. But what many people find difficult to imagine is that 20 years ago, 10,000 yuan was also a huge amount of money.
20 years ago, many people's dream was to become a 10,000 yuan household, because at that time, 10,000 yuan was a huge amount of money. If there is a 10,000-yuan household in any village, it is a very glorious thing.
But from today's point of view, let alone 10,000 yuan households, even if they earn 10,000 yuan a month, they don't feel that they have money, and they even feel that they don't have enough to spend, and they are still very poor, which is caused by inflation.
Around the 90s of the last century, at that time, many people's monthly income may be a few hundred yuan, but the purchasing power of a few hundred yuan at that time may be equivalent to tens of thousands of yuan now.
Thirty years ago, a few thousand yuan could buy a house in Beijing, but now tens of thousands of yuan can't buy a square meter in Beijing, and hundreds of thousands of dollars can't buy a toilet in Beijing. This not only makes us think about whether in another twenty or thirty years, the purchasing power of one million today will become the same as the ten thousand yuan a few decades ago?
Actually, this is not completely impossible. Because we talked about the bank cutting interest rates above. At present, a very important reason why our country does not dare to raise interest rates too quickly is that we are afraid of inflation.
To take the simplest example, if interest rates are reduced to zero or negative interest rates, many people will withdraw their deposits in the bank directly. The conversion of a large amount of fixed deposits into cash will certainly stimulate consumption.
But we all know that no matter what it is, it is scarce and expensive, and money is no exception, once there is more money in the market, the most direct impact is that the money is worthless. By that time, we may experience a terrible inflation.
The mainland is still the largest developing country in the world, and our per capita GDP is far lower than that of developed countries such as the United States, that is to say, the continent's economy still has huge room for development, but in contrast, our currency also has room for depreciation.
So now a million is in the bank, and we think we can live by eating interest. But maybe a few decades ago, people who put 10,000 yuan in the bank and thought that they could eat interest for a lifetime also considered it the same way.
If you put 10,000 yuan in the bank a few decades ago instead of investing it, you may now regret it. After all, 10,000 yuan is really no longer called money now, and there is almost no purchasing power.
It's okay if only the price of more expensive goods such as real estate and cars rises, after all, we can have more choices, but the current situation is that the price of ordinary daily consumer goods is also increasing, and even the speed is accelerating.
The most direct experience is that five or six years ago, we could eat very well in restaurants for more than 100 yuan, but now we don't dare to go to restaurants without two or three hundred yuan in our pockets, and the prices of dishes in many restaurants are also doubling.
Even steamed buns now cost one or two yuan a piece, and an all-you-can-eat steamed bun for five cents is now gone, which is an important manifestation of the worthlessness of money.
Third, bank wealth management has gradually become the mainstream.
In contrast to the decline in bank deposit interest rates, banks' wealth management, insurance, funds and other businesses have been pushed to the big screen.
Now for a lot of banks, they are no longer keen on deposits. For the president, if someone has saved a few millions, the president may not be too happy, because a lot of fixed deposits are now a burden on the bank.
However, if the wealth manager sells millions of wealth management or millions of funds and insurance, then he must report to the whole bank for praise, because for now, wealth management, funds, insurance, etc. have a higher rate of return on the bank.
In particular, funds and insurance, for banks, funds and insurance belong to the intermediary business of banks, that is to say, banks only sell the products of fund companies and insurance companies, so what they earn is the handling fee in it.
Banks do not take on any risk, or they are almost completely risk-free. Once there is a problem with the product, it will be solved by the fund company or insurance company, and the trouble will not be caused to you.
So what we can see is that almost all banks are now promoting funds, insurance products. In particular, China Merchants Bank, which has the title of "king of retail", is almost crazy to promote these products.
So in the future, we can expect that bank deposit rates will continue to fall, and banks will be more resistant to deposit business. In contrast, wealth management, funds, and insurance businesses will become the mainstream of the banking industry.
For many people who have a million deposits, they are no longer big customers of the bank. The minimum deposit amount for private banking customers in many banks is about 8 million yuan, so if you only put it in the deposit, then the income is far from enough.
It is necessary to allocate assets more comprehensively, and allocate their assets from various aspects such as financial management, deposits, funds, insurance, etc., so as to better preserve their assets.
IV. Conclusion
For ordinary people, it is difficult for us to find suitable investment means, and of course it is even more difficult for us to earn a million at the moment. And money is a thing that is always in depreciation, and in our thousands of years of history, there has not been a dynasty where money is more and more valuable.
So for us, we can only take out the money and use it for all kinds of safe investments. In other words, it is to exchange money for something valuable, whether it is gold, insurance or real estate, after all, only something valuable can guarantee that our money will not depreciate so quickly.
Of course, when it comes to investment, safety is still the number one concern. We can only invest if we are safe and secure, and if there is a serious risk of losing money, we should consult a professional for investment activities.