The survey shows that 53.7% of young people have savings of less than 100,000. What are the reasons why they cannot save money?

According to news on October 19, data from the "2023 Young People's Money Savings Survey Report" released by DT Research Institute shows that not having much savings is the current situation of most young people. Among them, about one-fifth of the people have deposits of less than 10,000 yuan.53.7% of young people have savings of less than 100,000 yuan.Only 20% of people actually have deposits of more than 300,000 yuan. If the 300,000 yuan is still "saved all by oneself", it is already a level where they can save money quite well.

Basically, as working years increase, people's savings will increase. However, after working for more than 5 years, some people may buy a house, car, or get married at this point, resulting in a decrease in savings or even emptiness.

Among people who have worked for more than 10 years, 15.2% have "no deposits yet", and nearly 40% of adults have deposits of less than 100,000.

A total of 1,852 respondents participated in the survey. The male-to-female ratio was 4:6. The post-90s and post-95s generation accounted for more than 70%. Nearly 90% of the respondents were from first-tier, new first-tier and second-tier cities.

Therefore, the survey results reflect the characteristics of "big cities and young people" to a certain extent.

So why can’t young people save money?From the perspective of income and expenditure, the most direct reason why young people cannot save money is that "they earn less and spend more."

In addition, the report also shows that 40.7% of people have saved enough 500,000 yuan before they dare to resign, and more than 30% of those born in the 1990s save money for early retirement.