Why do some Americans not like to save money?

First, the poor in the United States have basic security and do not need to save their own money to tide over the difficulties. There are four benefits available to poor Americans: low-income allowances, food stamps, Medicare, and housing subsidies.

As a result, we often see all kinds of so-called poor people, driving mid-to-high-end cars such as Toyotas and Fords, to receive all kinds of relief. Because the poor in the United States have no worries, they can have a house and a car without work, and they do not have to worry about food and drink, nor do they have to worry about seeing a doctor, so they do not need to save more.

So how can we be considered "poor" in the United States? It is based on indicators such as the price level and inflation rate of the year, so it varies from year to year and is generally three times the cost of buying food. If the annual income is less than this standard, it is considered poor.

Taking the 2009 financial crisis report as an example, the poverty line in '09 was: a single person earns less than $10,830 a year before taxes, and a family of four earns less than $22,050. And this money is already considered middle class in China, but it is poor in the United States.

Second, the interest on U.S. bank deposits is close to zero, and some banks may have to charge fees, compared to some U.S. debt markets, and even the ** market, which can bring investors a good fixed income. Especially in the United States, the three major stock indexes are bulls and bears, rising steadily, a rise is more than seven years, a large number of American investors have obtained a higher rate of return, in this context, fools will be willing to save money.

Third, Americans don't have the incentive to save money in old age. Because Americans have a pension when they are old, if you work in a stronger company and do well, the company will also pay you an enterprise annuity in order to improve the quality of your life in your later years. If you are not satisfied.

Then, you can also buy commercial endowment insurance by yourself. Through these serial security systems, basically middle-aged people do not have to worry about the huge expenses when providing for the elderly.

Factors such as good welfare, high return on investment, low interest rates, and easy borrowing have led to a long-term low savings rate in the United States, which objectively also promotes the characteristics of strong domestic demand, developed finance, and high utilization rate of funds in the United States. Back to China, on the contrary, the welfare is low, all kinds of expenses are large, and the investment is losing money and waiting, so it is strange not to save money! However, young Americans are also starting to save a little bit of money, with only 37% of Americans saving more than $500 in 2015 and 41% in 2016.

Because Americans are a consumer-oriented society and encourage people to consume, Americans generally earn as much as they want, and they don't have the idea of saving money to buy a house and save money for their children to get married.

It is because these Americans have a very chic attitude towards life, and their definition of life is also very chic.

Some Americans don't like to save money because they don't have the awareness to save money, and the national culture of the United States is different from that of China, and if they don't have money, they can receive social assistance.

Because they have good welfare. The United States has all kinds of social security, and they feel that saving money is useless, so they don't like to save money.

Because Americans believe that timely pleasure is the most important thing, they both focus on hedonism.

Americans have very little savings because their country encourages consumptionBecause there are various installments, even if you buy a TV set, you can pay up to 36 months, so you only need to pay a little money every month.

Why don't Americans have deposits? Are they so poor that they can't even afford $500?

Because Americans feel that saving money is not necessary, most Americans spend as much as they want. Americans' view of consumption is to spend as much as they want, so they spend all their money.

This is determined by the habits of American life. Not only do Americans have no savings, but they are accustomed to taking out loans to settle in every aspect of their lives.

Americans don't save money, their money is kept in the house, in barrels, Americans like to save cash. It's rare to store it in the card, so it's easy to use.

As we all know, Americans don't speculate in real estate, don't save money, but they can get stuck in one person and have no worries all over the world. Where does confidence and confidence come from?

On the contrary, Chinese speculate on houses, **, desperately save money, but dare not spend money, they travel abroad to buy luxury goods, but bring their own fast food noodles. Why? Have you thought about it?

Why do Americans not speculate on real estate? Ordinary Americans own single-family homes, just like Chinese farmers have a front yard and a backyard, which is not worth showing off, and there is no need for one family to buy two. Americans think that a house is just for themselves, and one set is good.

They believe that it is foolish and a waste of wealth to "freeze" all family wealth in real estate, and they believe that entrepreneurship, investment, and consumption are all better options. Americans are used to spending tomorrow's money today, and you ask him to "save" all the money in the house, which is incredible.

Of course, Chinese people are flipping houses, and even the whole people are flipping houses, especially in large and medium-sized cities, middle-income families generally have more than two or three houses. Today, the biggest debt of urban Chinese people is housing loans and mortgages.

Why do Americans not **? According to Morganstanley's statistics at the end of June this year: in the United States, the proportion of transactions is only 11%, and most of the 11% are not "**", but "**investment" in the real sense, which is a small part of the family financial management of "investment for retirement".

However, Chinese investors prefer **, and can even bet all the "value" into **, and especially prefer "short speculation", they frequently go in and out**, **turnover rate is extremely high, speculation concept, speculation theme, and pay with the bank, this is the real sense of "**". According to official statistics, in a bull market, the proportion of A-share transactions can be as high as 90%, and in a bear market, the proportion of ** transactions can drop to about 85%.

Why do Americans not deposit? Credit card spending is very well developed in the United States, and it is enough to cover the emergency function of deposits. Of the trillions of U.S. household assets, household deposits and cash (including currency**) are only trillions, accounting for only one trillion dollars.

On the contrary, among the total assets of Chinese households, houses and deposits should be the most important and account for the largest proportion, and ** can be switched with bank deposits at any time. At the end of 2016, China's household deposit balance was one trillion yuan, please pay attention to the changes behind this figure, which is the figure after the big move of bank deposits under the premise of national speculation and hoarding. Otherwise, it would be an even bigger astronomical number.

However, our central bank only has statistics on household deposits, not total household assets and household financial assets, so it is not possible to make horizontal comparisons.

This statement is not accurate, in fact, the American people have a global reputation for saving and investing. In the U.S., individuals and businesses often save a portion of their income to cope with future needs and uncertainties. In addition, the social security system and medical insurance system in the United States also provide relatively stable income security and medical security.

Of course, like any country, there are some consumers and businesses in the United States who are at loggerheads with their savings, but that doesn't mean Americans don't save money. In fact, according to 2021 data, the savings rate of American residents is high, a record high, indicating that the vast majority of Americans have a habit of saving.

It's true that Americans don't deposit much.

In the allocation of capital and scum assets of the American people, the proportion of deposits is very low.

Americans save money differently than Chinese people. It depends on what caliber you use m1, m2 or what caliber you measure. Teasing quietly.

In layman's terms, deposits in the narrow sense are those that go to the bank for a period of time and a fixed term, and this American usually has a relatively small amount of deposits.

Even billionaires have very little savings. For example, Warren Buffett.

Because the United States is a highly developed capitalist country, the average level of financial literacy of ordinary people is much higher than that of the Chinese people.

The U.S. is a universal tax filer, and basically everyone with income files their taxes every year. When it comes to tax filing, it will involve long-term savings, fund reserves, pension reserves, and education fund reserves.

There are many alternatives to long-term saving, which can effectively avoid taxes and improve returns. Generally speaking, people will fill up various accounts in the form of 401k, roth, and 529. The funds in these accounts can be withdrawn when the family needs to use a large amount of funds (including pension, medical care, children's education, and even buying a house, renovating, etc.), and if it is required by its regulations, it can reduce the payment of taxes.

In addition, there is a pension plan.

In addition to these, other commercial insurance will be considered.

Working Americans usually have employer health insurance, and the individual pays a part and the company pays a part. For most people, there is very little to be done personally. The level of coverage varies widely, but it is generally good.

This type of insurance is beneficial to the elderly because it is a group insurance for the entire company. Many older people continue to work by extending their retirement age, in part because of good employer insurance. This is because if you don't have employer's health insurance, but Medicare (for the elderly) or Medicaid (social assistance for the poor and disabled), you may not be as good as your employer's health insurance.

A good employer health insurance plan with a wide range of reimbursement coverage. Health insurance in the U.S. is expensive, but the level of coverage is high. For example, the cap line refers to the maximum amount that an individual can pay.

The cap line of domestic social security medical care refers to the maximum reimbursement amount. In addition, many advanced new drugs can be included, which is much more than in China.

4 reasons.

1.The social security system is relatively perfect: the United States is still relatively perfect in terms of welfare treatment for residents, that is, the social security system, there is medical pension insurance for sick treatment, even if you are unemployed, the unemployment benefits issued by ** are also very high, and there will even be special institutions to help some low-income people regularly, and the shed will ensure that they will not go hungry.

Officially, because of this, many people feel that even if they have no savings in hand and no money, they can still "raise" them, so they are even more fearless. 2.The U.S. is the consumer market:

Because of the different national environments, Americans generally like to spend, and most people are used to paying with credit cards. Even if you don't have enough money on your credit card, there are plenty of safe ways to borrow money in the U.S., which are very formal, and the interest rates are relatively low, just to make it easier for those who need money. It is understood that since 2010, most interest rates have been around the limit, so Americans feel that they will not lose money by borrowing money.

3.No money in hand but assets: Although Americans feel that they have no savings and the house is rented, Americans especially like to invest, such as ****, etc., many families in the United States have these investment projects in hand, and they can get a lot of money immediately after throwing off their hands.

4.The U.S. payroll is flexible: China has adopted a monthly salary system, but the United States is more flexible, with some companies adopting a monthly salary system, some companies have a weekly salary system, or even a daily salary system, depending on the type of job and personal situation.

Therefore, the period for Americans to get paid is much shorter than ours, and there is no need to wait a month. So a lot of Americans pay for it the day they get paid, because they know they're going to be paid again in a few days.

Why do Americans never save money?

This statement is incorrect.

2. For the average American, due to living habits, income cannot cover expenditure, and some Americans have no savings, which is no money to save.

3. For Americans who are living in difficulty, and like the people in difficulty in the world, life cannot be guaranteed, and it is impossible to save money.

Because the social security system in the United States is relatively perfect, as long as you pay legal taxes1, you will be a taxpayer to enjoy a series of national protections such as medical care, education, and pension. Relatively speaking, it is better to achieve that the tax revenue is taken from the people and used by the people. Therefore, as long as you work hard when you are young and pay taxes reasonably, then you will have security in the future, and you don't have to worry about not being able to eat, looking down on the sick and other problems, so there is no need to save money, and you can use it to improve your life when you earn it, because there is a state behind you to protect your right to live.

Americans never save money, so why don't they worry about running out of money in the future? After reading the increase knowledge.