Are there many households with more than 1 million savings in China?

It's still a lot. Now a deposit of 1 million is really nothing, and almost all families in the upper middle can have it. There are many families with an annual income of hundreds of thousands, and in two or three years, they will have millions in savings.

In today's society, there are too many uncertain factors, so many families have a reserve fund.

I don't dare to use it for investment.

There are not many households with more than 1 million savings in China, probably less than 3 million people, while China has a population of 1.4 billion, so the proportion of the total population is very small.

Most people are working-class, and all of their monthly income is spent on a variety of expenses and they have very little savings on hand. Moreover, in today's society, there are very few people who can deposit 1 million yuan in the bank, and they definitely belong to the "top" people. Very few people in China have deposits of 1 million.

Especially now after the 90s, many people are ahead of their time. According to the data, 56% of households have no savings. Generally speaking, families with millions of savings generally have assets of about 10 million, otherwise few people can save enough 1 million.

In addition, most of China's savings are in real estate, and there are many in first-tier cities with fixed assets exceeding one million, but very few in liquid cash deposits exceeding 1 million.

Recently, Southwestern University of Finance and Economics released a report on the healthy development of China's family wealth, the report shows that China's family assets are placed in the bank, and the largest proportion is real estate, which accounts for it, which shows that most of the people with millions of deposits are people with houses, and according to the deposit of 1 million, these people's houses must also be in first- and second-tier cities, and a house must be millions or even tens of millions. If calculated according to the proportion of real estate, the total assets of people who reach one million deposits must reach nearly 19.74 million, so there is a high probability of having so many deposits.

The People's Bank of China actually issued a wealth report in 2018, survey data shows that there are 3.5 million people with millions of disposable assets, 300,000 more than the previous year, and according to ** the proportion of these people may reach more than 4 million in the next two years. But this data is not very accurate, after all, it is impossible for everyone to convert all the money into disposable funds, and many people are making investments to realize more funds, so if according to household deposits, the families with real million deposits in China will be more close to 1% of the total population, that is, 14 million people.

Not to mention 1 million in cash, it is a rural family, but only a handful of urban families can come up with 1 million in cash. Although money is becoming less and less valuable now, 1 million is still an unattainable goal for many families. In rural areas, there must be people who can take out 1 million cash at one time, but not much.

Generally speaking, only self-employed people, livestock farmers, or those who rely on compensation for demolition and relocation, or who have multiple houses in urban villages, may have so much savings, and ordinary families who rely solely on farming in rural areas cannot save 1 million yuan in a lifetime. If the annual income of 150,000 yuan, deducting the living expenses, you can save up to 100,000 yuan a year, and it will take 10 years for 1 million, and the whole family can not have major expenditures in these 10 years, such as building a house, buying a house or buying a car, or getting sick, otherwise the time of saving 1 million will be extended.

The per capita savings of China's 1.4 billion people are almost 66,740 yuan. More than 60,000 yuan is not a lot, and there is no basis for your deposit to outperform the average. Southwestern University of Finance and Economics, 2019.

According to the China Finance Report, 10 percent of household deposits account for 70 percent of the total savings. More than 50 percent of households have essentially no savings. There's another important piece of data that can help us calculate. In accordance with the National Deposit Insurance Regulations 2015.

Statistics show that more than 500,000 Chinese residents have bank deposits. Only 0.37 percent.

In 2015, the per capita deposit was 40,000 yuan. In 2020, the per capita deposit was 66,700 yuan, an increase of 1.6 times. Let's take a very optimistic number.

Assuming that the proportion of depositors with deposits of more than $1 million in 2020 is 0.37%. So let's subtract the number of people under the age of 16, who account for 20 percent of the population, from the total number of depositors. Subtracting some unbanked adults, the final calculation is 11 people, which is 1 billion people multiplied by 0.37 percent, and the result is that only 3.7 million people have more than 1 million deposits.

This is still an optimistic estimate, just talked about savings, if calculated according to the value of the property, there are millionaires everywhere, and the house is not speculated.

Ah, or the enduring theme of China's economy.

There are more than one million families in China now, but it is very common, and there are still about 20 to 30 percent of families.

Speaking of deposits, the world may be the most favorite of Chinese deposits, in the eyes of foreigners, "diligence" and "can endure hardship" are like synonymous with Chinese, the older generation of Chinese people are relying on saving money and have spent a lot of difficult days. In this regard, do most people think that Beijing, Shanghai, Guangzhou and Shenzhen are very rich, and there are many people in China with deposits greater than 1 million? But is this actually the case?

How many people in China have more than 1 million deposits?

Speaking of deposits, the world may be the most favorite of Chinese deposits, in the eyes of foreigners, "diligence" and "can endure hardship" are like synonymous with Chinese, the older generation of Chinese people are relying on saving money and have spent a lot of difficult days. In this regard, do most people think that Beijing, Shanghai, Guangzhou and Shenzhen are very rich, and there are many people in China with deposits greater than 1 million? But is this actually the case?

China currently has a population of more than 1.4 billion, and the number of people with deposits greater than 1 million, according to the National Bureau of Statistics in 2018, is about 1.4 million, which accounts for less than a proportion of the total population.

If calculated according to the monthly salary of 10,000 yuan, after the various expenses (counted as 5,000) are removed, it will take up to 16 years to save 5,000 yuan per month. So looking at it this way, although there are not many "rich people" in China, there are not as many people who can really save more than 1 million in real life.

Assets and deposits are two different concepts entirely. You may be confusing these two concepts. There are many kinds of assets, such as real estate, bonds, **, **, bank wealth management, bank deposits, insurance, antiques, calligraphy and paintings, and even mahogany furniture.

As long as it can become an investment target, it can be called an asset. Of these, bank deposits account for only a very small part. Average household assets, which means that it is the sum of all assets in a household unit.

A large part of this is real estate. In first-tier cities, the total price of real estate basically ranges from 5 million to 50 million. Second-tier cities also basically range from 2 million to 8 million.

On average, in fact, there are still a lot of families with real estate as assets in China, and under this kind of real estate allocation, each household has more than 3 million assets, is it a lot? This should be the level of a baseline. Let's talk about deposits.

If you live in a household with a million in cash, would you really consider keeping all of it in the bank to earn interest? Of course, it must be said that this is a very safe way to invest, because the principal is definitely not lost. But what about the benefits?

Large-amount certificates of deposit are currently the most interest-bearing variety, and bank wealth management is no longer guaranteed to protect the principal, so it is not considered. The basic maximum interest rate for this large certificate of deposit is also only at the same level. So isn't this way of managing money too low?

In addition, it is impossible for a family of three not to consider the allocation of insurance products, because after the age of 30, the risk of physical diseases will be considered. Also, the child must at least have an education insurance and accident insurance and other configurations, and the mistress of the family also needs to have insurance to protect it, after all, it is more difficult for a woman to find a job after becoming unemployed at marriageable age, which is also a reality. So, even if you have 1 million cash, you don't have to put it all in the bank, so of course you don't see a lot of people who have 1 million cash in the bank.

Another is to guard against the occurrence of one of the most unreliable situations, if any bank has a payment risk, that is, the situation of bank failure, then, the maximum compensation amount of each certificate of deposit is only 500,000 yuan, so it is impossible for you to deposit more than 500,000 yuan in cash in one bank, you will definitely diversify the risk. So it's more reasonable if you don't see a situation where there are $1 million depositors. Are there any households in China that have a million savings?

There will definitely be. However, the vast majority of these families do not choose to save all 1 million.

From the perspective of per capita savings. The total amount of deposits of Chinese residents has reached more than 100 trillion yuan, which is used by 1.4 billion people on average, and the per capita savings are 10,000, if a family is a family of 3, then the family has 210,000 deposits. And 1 million is five times the national average household deposit.

You must know that the number of households that can reach the national average household deposit of 200,000 will not exceed 30%, and if it is five times the national average, it means that the number of households with 1 million in the bank can be said to be rare.

Many, not much, depending on the region, there must be many first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen, and there will be in every city, but it is also only a handful, after all, 1 million is still out of reach for ordinary families, and the poor will always be more than the rich.

In absolute terms, there are more households with more than 1 million savings in China, but when compared with the total population of China, this ratio is not high.

There are still a large number of households with more than 1 million deposits in China, and in the cities, as long as the general family conditions are urban hukou and they are urban original residents, the general savings are relatively large.

There are more households with assets of more than 1 million, but there should not be too many households with cash deposits of 1 million.

The vast majority of households will invest their excess idle funds, including bonds, bonds or real estate.

There are not many households in China with more than 1 million savings, and 1 million is not a small amount, and most families cannot take it out.

In China, there should be 30% of families with more than 1 million savings.

There are still a lot of households in China with more than 1 million deposits. The amount of deposits in the countryside is still relatively small, and the amount of deposits in the cities should be very large.

I think there are still a lot, there may be few people around me, but there are still a lot of people who have deposited more than one million in the vast cities in the north that I have not come into contact with.

It should be very few, China is still more than ordinary people, if they have more than one million at home, they will definitely buy a house, buy a car and start a small business, and they will not get up early and work hard at night.

There are a lot of households with fixed assets of 1 million yuan in China, but the number of households with 1 million savings should be very small.

It's not much, it's a lot of money, it's just 1 million, some are people, it's just that poverty limits your imagination.

In today's society, there are a lot of families in a million. Because after the reform and opening up, more and more people have become rich. So there are a lot of millionaires.

Proportionally, there are certainly few such families! But when it comes to volume, it's a lot! There are quite a few such families in every city!

It should be a lot, I feel that there are about millions, especially in many cities, and there will be a lot of fixed assets.

There are simply not many households in China with more than 1 million savings.

Personally, I think it should be very few. If it's worth 1 million. That's a lot, even if it's a random building in a small county, it's nearly 1 million. But in fact, many people are taking out loans to repay the bank.

Not much, after all, it is a developing country.

Although it is the second largest economy in the world, the average household income per person is still low.

Not much, less than one percent.

There are too few households with more than 1 million savings, and most families do not have so many savings.

Summary. Dear, hello, there must be very few families with 1 million deposits, maybe in the whole country, it is about 10 million households, accounting for hundreds of millions of total households in the country. I started to implement the deposit insurance system on May 1, 2015, according to a statistical data of China's deposit insurance system that was launched before, at the end of 2014, the accounts with deposits of less than 500,000 yuan in the country were approximately, that is, the accounts with deposits of more than 500,000 yuan at that time were the same.

Dear, hello, there must be very few families with 1 million deposits, maybe in the whole country, it is about 10 million households, probably accounting for hundreds of millions of total households in the country. I began to implement the deposit insurance system on May 1, 2015, according to a statistical data of China's deposit insurance system before the launch, at the end of 2014, the country's accounts with deposits of less than 500,000 yuan were probably rotten, that is to say, at that time, the accounts with deposits of more than 500,000 yuan were like this.

According to the data, the per capita total assets of households in China, of which the per capita total assets of Qishi Beijing households are 10,000 yuan; The second place is the per capita total assets of households in Shanghai, which is 10,000 yuan; Jiangsu Province, which ranks third, has a total household asset of 10,000 yuan.