Ladies and gentlemen, do you have a habit of saving money? Chinese immigrants in Australia prefer to save more money than people in other countries, according to a new study.
In a recent study conducted by Macquarie University in Sydney, researchers compared the savings habits of whites and Chinese living in mainland China and Australia, and found:
Whites usually save only about 15% of their income a year, while Australia's first generation of Chinese immigrants save 40% of their income, and the second generation of Chinese immigrants save as much as 45% of their income.
And, whether they live at home or abroad, Chinese prefer to save more than whites, and even lower-income people tend to save their money first.
The researchers believe that the Chinese love to save money has a great deal to do with the culture we accept, because the Confucian culture emphasizes thrift and economic security.
In addition, the study compared the savings habits of low-income, middle-income and high-income groups with and without religion, and found that people with religious beliefs were more likely to save money.
"for low-income groups, religious beliefs have little impact on their savings habits, and people with and without beliefs have almost the same way of life."
But when it comes to middle-income groups, the impact of religion on money-saving habits is immediately evident. Believers save up to 35 percent of their income, while non-believers save up to 35 percent of their income. "
"this may be because any religion places more emphasis on the abundance of spiritual life than on material profligacy."
"but high-income groups are showing the opposite trend, with believers spending a lot of money, saving little, and people without faith more likely to save money."
The researchers say such research could help some businesses and businesses attract Chinese consumers more specifically, as well as help foreign banks looking to enter the Chinese market to better understand how Chinese people manage their wealth.
"the new year has come, companies have begun to make new business plans, our research can help them attract more Chinese groups, for example, in the publicity, investing in a product is also tantamount to saving money. There will be high returns in the future, and so on. "
Is this research aimed at better encircling money from the Chinese?
For the results of this study, this is what netizens see as follows:
Because Chinese people live with their parents for a long time, this can save a lot of money, but Western culture encourages everyone to move out as soon as they become adult, so it is also rent and all kinds of living expenses, it is very difficult to save money!
Chinese people like to save money may have something to do with education. The Chinese are good at math, so they save $100 a month, $1200 a year, $3.50 a day, and $1250 a year.
I think the habit of saving has a lot to do with culture. Like many Westerners who lived in the Great Depression, my grandparents liked to save money, but in recent decades, the Australian goverment has been actively encouraging people to spend, although I don't think it's wise to do so. But that also explains why Chinese immigrants prefer to save money because their culture encourages saving rather than spending.
We spent a lot of money on renting, drinking, smoking and enjoying life (to bars, restaurants). It's not about religious beliefs and cultural traditions, it's about psychology and social pressure (relationships with colleagues, etc.). At all times, Chinese people have parents and goverment as their safe havens.
I'm a pure white man with higher education. I'm in my 30s, and I save 60% of my salary, so the numbers are misleading.
I wonder how Chinese immigrants save nearly half of their money, and their living expenses must be very low.
I had saved half my income until one day I bought a house on my own.
Chinese immigrants are very good. They rarely make trouble. On the contrary, some New Zealand immigrants often make headlines for violent crimes.
According to this article, religious beliefs and cultural backgrounds do not seem to have much impact on low-and high-income groups. Therefore, there is nothing to do with faith and the habit of saving money. What this article gives is not a conclusion, but a conjecture. To come up with a truly reliable conclusion, there is a need for more extensive and in-depth research.
However, Xiao Wei thinks that the reason why the Chinese people like to save money may be that many people have experienced three years of natural disasters and extremely difficult economic times, so they are full of deep sense of anxiety. This kind of consciousness also influenced one's own child from the small exposure, and gradually became a habit and tradition.
What do you think?