Do you think it is difficult for young people to save money?

* Recently, a survey said that "about one-fifth of young people have a deposit of less than 10,000 yuan. A deposit of 100,000 yuan is a "threshold", and if the deposit exceeds 100,000, it will exceed 53.7% of the people." "Youth"" The collision of the two words "deposit" has attracted extensive attention and discussion. Do you think it is difficult for young people to save money? You can express your views from the following angles~

Angle 1: Which range is your current deposit in? Do you find it difficult to make deposits?

• Deposit difficulty is a relative issue, depending on one's financial situation, goals and external circumstances. Saving may be relatively easy for some people because they have a steady source of income, a low cost of living, or good financial planning. For others, however, saving may be more challenging, especially if you have a lower income, high cost of living, or other financial burdens.

• Deposit difficulty can also be influenced by geographic and cultural factors. In some regions, economic opportunities and social benefits may be more limited, making it harder for young people to save. In addition, social concepts and consumption habits can also affect individuals' attitudes and behaviors towards saving.

Angle 2: Talk about what efforts you have made for deposits?

1. Budget planning: Make a detailed budget plan to ensure the balance of income and expenditure. Set savings goals and make saving an important part of your budget.
2. Spending Moderation: Review an individual's spending habits and assess which expenses can be reduced or eliminated. Avoid impulse purchases and prioritize necessities over luxuries.
3. Savings automation: Set up an automatic transfer to transfer a certain amount to a savings account on a regular basis. This ensures saving becomes a habit and prevents forgetting or delaying deposits.
4. Cut costs: Look for opportunities to reduce daily expenses, such as by conserving energy, finding discounts and deals, or re-evaluating subscription services.
5. Find extra income: Consider adding additional sources of income such as part-time work, freelancing, renting out vacant space, or earning income from personal skills and hobbies.
6. Examine investment: Learn about investment and financial management, and consider investing a portion of your funds in risk-controllable investment vehicles to increase asset growth and income diversification.

Angle 3: In your opinion, besides personal factors, what factors affect the ability and willingness of young people to save?

1. Economic environment: The overall economic environment has an impact on young people's ability and willingness to save. High unemployment, low wage growth and economic instability can make it difficult for young people to save and reduce their willingness to save.
2. House prices and rents: High house prices and rents in the real estate market have a direct impact on young people's ability to save. If housing prices are high or rents are too high, young people may need to spend most of their income on housing, making it difficult to save.
3. Educational Burden: The cost of education has an important impact on the economic status of young people. High university tuition fees and the burden of education loans can put young people under financial stress after graduation, limiting their ability to save.
4. Consumption culture: The consumption concept and culture of the society will also affect young people's willingness to save. If young people are exposed to excessive consumption, they may be inclined to spend rather than save.
5. Social pressures and expectations: Societal expectations and pressures on young people may affect their willingness to save. For example, societal expectations about home ownership, marriage, and family may lead young people to tend to spend money on meeting those expectations rather than saving.
6. Social benefits and support: Available social benefits and support measures may have an impact on young people's ability to save. For example, housing subsidies, savings schemes or financial education programs may encourage and support young people to save.

Angle 4: How much savings do you think young people can afford to resign naked/How much savings do they need to save for a decent retirement?

1. Living expenses: Determining living expenses is an important step in planning your savings. Individuals need to account for daily expenses, housing costs, food, healthcare, and other necessities of life.
2. Career development: An individual's career development and income level have an important impact on the determination of savings goals. Higher income levels lead to faster accumulation of savings.
3. Retirement goals: Individual expectations regarding lifestyle and needs in retirement can also affect savings goals. Some may wish to live a lavish retirement, while others may place more emphasis on a modest lifestyle.
4. Life expectancy: Predicting how long you will live can help determine how much you need to save for a decent retirement. Longer life expectancy may require greater savings to cover long-term living expenses.
5. Other sources of income: In addition to savings, consider other possible sources of income, such as pensions, investment returns, or other retirement plans.

However, this does not mean that all young people face savings difficulties. Some young adults may be successful in saving a certain amount by creating a budget, cutting expenses, finding a side hustle or increasing their income. Alternatively, some countries may offer financial support programs for young people, such as first home buyer loan schemes or savings incentives, to help them better manage their finances and achieve their savings goals.

In general, saving may be challenging for young people, but with rational financial planning, spending control and efforts to find extra income, they can still overcome these difficulties and accumulate savings gradually.

Savings advice for young people

Saving is an important financial goal for young people, providing a secure and stable financial foundation for the future. Here are some tips to help young people save effectively:

1. Formulate a budget: formulate a detailed budget plan to clarify sources of income and items of expenditure. Make sure your income covers your day-to-day expenses and keep some money aside for savings.
2. Automatic Savings: Set up an automatic transfer to transfer a certain amount to a savings account on a regular basis every month. This ensures saving becomes a habit and avoids forgetting or delaying deposits.
3. Control spending: Review personal spending to identify areas that can be cut or optimized. Avoid overspending and luxury purchases and prioritize necessities.
4. Set goals: Set clear savings goals, including short-term, medium-term and long-term goals. This gives momentum to savings and tracks progress.
5. Additional income streams: Look for additional income opportunities such as part-time jobs, side hustles or income from personal skills and hobbies. Increased income increases saving capacity.
6. Optimize debt management: Work to reduce high-interest debt, such as credit card debt or high-interest loans. Reducing your debt load can provide more money for savings.
7. Investment planning: understand basic investment knowledge, and consider investing part of the funds in risk-controllable investment tools. Investing can help money grow and provide an additional source of income.
8. Improve financial literacy: Continuously learn and improve financial literacy and learn about best practices for managing money and saving. Master basic financial concepts and tools to help make informed financial decisions.

Remember, everyone's situation is unique, so tailor it to your individual financial situation and goals. Saving is a long-term process that requires patience and persistence. The most important thing is to develop good savings habits, start with a small amount and gradually increase the deposit amount to lay a solid foundation for future financial security.