The per capita deposit of residents is more than 50,000, mor

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The per capita deposit of residents is more than 50,000, more than 2,000 times that of 40 years ago. We all have money?

According to the data released by the central bank, at the end of 2018, the balance of household deposits was 71.6 billion yuan, with an average population of 1.4 billion.

Such high per capita deposits really scare the small members, who wonder if the bank's details are wrong!

In 1978, Chinese residents had 21 billion yuan in savings, or 9 out of 21 per capita deposits, which means domestic deposits in 2018 exceeded 2,000 times 40 years ago, experts said

Are we really rich with all this explosive power?

It should be understood that the increase in bank deposits does not necessarily mean that everyone has money, because our money circulation is also increasing year by year, and the supply of M2 in China increased by 115.9 billion yuan in 1978, and by the end of 2018, the supply of M2 also increased to 183 billion yuan, and will reach 200 billion yuan this year. Compared with 40 years ago, the money supply has increased 1,725-fold. By contrast, 1725 and 2000 are indistinguishable.

Balancing wealth and people is unreliable

According to the data from the central bank, the per capita savings of Chinese residents reached 472,000 yuan with 5%, and then only 24,000 yuan with 95%. However, for 42,000 people, 40 percent have zero savings. This shows that the gap between the rich and the poor is very clear. If we eliminate the top 5 percent of the rich, we will eliminate the next 5 percent of the poor. For the median, the average person saves more than 20,000. Compared to the growth multiples of 40 years ago, there is not much money to issue!

Engel coefficient

The general measure of a country's wealth is its engel's coefficient, which refers to the proportion of food spent on consumer spending. The lower the coefficient, the richer the person. In 2018, Chinese residents had an engel coefficient of 28.4, compared with 8.7 in the United States in 2017 and 8.5 in 2018. You can see that the wealth of Chinese residents is still that it is far away from the United States.