sharon sanders
Editor-in-Chief & President
The professor of Peking University appealed: Chinese people are very poor, and the government should send money directly, each in cash!
At 07:00 on December 30, 2021
Are you a low-income group in China?
Recently, the National Bureau of Statistics released the "China Statistical Yearbook 2021", one of which attracted the attention of aunts:
"Disposable income per capita"
It is the total income of rent, interest, equity investments, pensions, business income, including wages and other income add up, after deducting five insurance payments of social security and tax hand income , which see more than mere wage employment The salary income of the group is more accurate and can reflect the actual living standard of the individual.
Comparing the per capita disposable income in 2020 and 2014, the results are as follows:
The lowest 20% of low-income groups increased by 65.75%, with a per capita annual income of 7868.8 yuan ;
The 20% lower-middle income group increased by 51.03%, and the per capita annual income was 1,6442.7 yuan;
The 20% middle income group increased by 48.88%, and the per capita annual income was 26248.9 yuan;
The upper middle income group of 20% increased by 52.84%, and the per capita annual income was 41171.7 yuan;
The 20% high-income group increased by 57.54%, and the per capita annual income was 80293.8 yuan;
The annual income competition of the highest 20% income group is 10 times that of the lowest 20% income group.
Focus on:
In the lowest income group, the important]disposable income in 2020 is 7868.8 yuan, 655.7 yuan per month, which is about 282 million people.
The 20% group in the lower middle of the growth rate has a monthly income of only1,370.23 yuan , and this part of the population is 282 million people.
These two groups add up to 564 million people.
In other words, there are more than 564 million low-income people in my country.
snip
Yao Yang is currently the professor and dean of the National Development Research Institute of Peking University (formerly the Chinese Economic Research Center of Peking University), and the director of the Chinese Economic Research Center of the National Development Research Institute of Peking University. Special allowance expert of the State Council. He is also a member of the "Finance 40" and "China Economy 50" forums.
Yao Yang believes that the most urgent thing in China is to boost consumption. For low-income groups, what is most needed is to distribute cash. "In the first quarter, the per capita disposable income of residents across the country fell by 3.9%. My impression does not seem to have fallen so significantly after the reform and opening up. This shows that everyone’s income is declining as a whole, and the main decline is for low-income groups. If these people are two or three Living without a monthly income will be very difficult. Giving them money is a two-eyed thing. It can not only help but also boost consumption."
In terms of the amount, Yao Yang believes that it can be 1,000 yuan to 2,000 yuan per person. "It is possible to issue a special national debt. In fact, there is not much money. 1.4 billion people will only have 1,000 yuan per person. Only 1.4 trillion yuan. If the middle and high incomes are not issued, it will only be issued to the lower 50% of the population based on income, and each person can have 2,000 yuan. ."
"Should we send money to low-income groups? This is not a question of money. It is a question of perception. How much money do we waste on infrastructure every year? 10% can’t be beaten. Local governments can easily invest money when they get it. In the local government, you can see a lot of wasted projects. Instead of wasting the money, it’s better to send it to the people. ” Yao Yang said.
Yao Yang also emphasized that if you send money to low-income groups, you don’t have to worry about saving them . About 80% of savings in China are contributed by the top 20% of the income. The low-income 40% basically have no savings. , The lowest 10% of people have negative savings, which means they still owe money. For the 40% with the lowest subsidy, it is impossible for them to increase their savings. "
The low- and middle-income class in China is a very large group . If they fail to consume, it will affect the consumption of the whole society, and economic growth will also be affected, which in turn will affect the income of the whole people, and in turn restrict the level of consumption.
Therefore, increasing the consumption of low-income groups is of great significance, whether it is from the perspective of fairness, or from the perspective of stimulating economic development and reducing economic risks.
In the past six years, the 20% of the lowest incomes have grown the fastest. This shows that the country has done a lot of work for the poorest groups in poverty alleviation .
In the future, with important]the continuous development and popularization of social security , the proportion of elderly people with low-level pension insurance will become lower and lower;
The second, third, fourth, and fifth-tier cities across the country are also developing as a whole, and the situation of highly concentrated industries in the first-tier cities is gradually changing. The rapid economic growth can also reduce the number of low-income groups.
For the elderly, raising the basic pension for retirees, raising the minimum standard for basic pensions for urban and rural residents, and narrowing the pension gap between different groups of people are the only ways to achieve common prosperity.
zhttps://k.sina.com.cn/article_5937451555_v161e65223019028yol.html?cre=tianyi&mod=wftop&loc=9&r=0&rfunc=87&tj=cxvertical_wap_wftop&tr=182&from=news&subch=onews
At 07:00 on December 30, 2021
Are you a low-income group in China?
Recently, the National Bureau of Statistics released the "China Statistical Yearbook 2021", one of which attracted the attention of aunts:
"Disposable income per capita"
It is the total income of rent, interest, equity investments, pensions, business income, including wages and other income add up, after deducting five insurance payments of social security and tax hand income , which see more than mere wage employment The salary income of the group is more accurate and can reflect the actual living standard of the individual.
Comparing the per capita disposable income in 2020 and 2014, the results are as follows:
The lowest 20% of low-income groups increased by 65.75%, with a per capita annual income of 7868.8 yuan ;
The 20% lower-middle income group increased by 51.03%, and the per capita annual income was 1,6442.7 yuan;
The 20% middle income group increased by 48.88%, and the per capita annual income was 26248.9 yuan;
The upper middle income group of 20% increased by 52.84%, and the per capita annual income was 41171.7 yuan;
The 20% high-income group increased by 57.54%, and the per capita annual income was 80293.8 yuan;
The annual income competition of the highest 20% income group is 10 times that of the lowest 20% income group.
Focus on:
In the lowest income group, the important]disposable income in 2020 is 7868.8 yuan, 655.7 yuan per month, which is about 282 million people.
The 20% group in the lower middle of the growth rate has a monthly income of only1,370.23 yuan , and this part of the population is 282 million people.
These two groups add up to 564 million people.
In other words, there are more than 564 million low-income people in my country.
snip
Yao Yang is currently the professor and dean of the National Development Research Institute of Peking University (formerly the Chinese Economic Research Center of Peking University), and the director of the Chinese Economic Research Center of the National Development Research Institute of Peking University. Special allowance expert of the State Council. He is also a member of the "Finance 40" and "China Economy 50" forums.
Yao Yang believes that the most urgent thing in China is to boost consumption. For low-income groups, what is most needed is to distribute cash. "In the first quarter, the per capita disposable income of residents across the country fell by 3.9%. My impression does not seem to have fallen so significantly after the reform and opening up. This shows that everyone’s income is declining as a whole, and the main decline is for low-income groups. If these people are two or three Living without a monthly income will be very difficult. Giving them money is a two-eyed thing. It can not only help but also boost consumption."
In terms of the amount, Yao Yang believes that it can be 1,000 yuan to 2,000 yuan per person. "It is possible to issue a special national debt. In fact, there is not much money. 1.4 billion people will only have 1,000 yuan per person. Only 1.4 trillion yuan. If the middle and high incomes are not issued, it will only be issued to the lower 50% of the population based on income, and each person can have 2,000 yuan. ."
"Should we send money to low-income groups? This is not a question of money. It is a question of perception. How much money do we waste on infrastructure every year? 10% can’t be beaten. Local governments can easily invest money when they get it. In the local government, you can see a lot of wasted projects. Instead of wasting the money, it’s better to send it to the people. ” Yao Yang said.
Yao Yang also emphasized that if you send money to low-income groups, you don’t have to worry about saving them . About 80% of savings in China are contributed by the top 20% of the income. The low-income 40% basically have no savings. , The lowest 10% of people have negative savings, which means they still owe money. For the 40% with the lowest subsidy, it is impossible for them to increase their savings. "
The low- and middle-income class in China is a very large group . If they fail to consume, it will affect the consumption of the whole society, and economic growth will also be affected, which in turn will affect the income of the whole people, and in turn restrict the level of consumption.
Therefore, increasing the consumption of low-income groups is of great significance, whether it is from the perspective of fairness, or from the perspective of stimulating economic development and reducing economic risks.
In the past six years, the 20% of the lowest incomes have grown the fastest. This shows that the country has done a lot of work for the poorest groups in poverty alleviation .
In the future, with important]the continuous development and popularization of social security , the proportion of elderly people with low-level pension insurance will become lower and lower;
The second, third, fourth, and fifth-tier cities across the country are also developing as a whole, and the situation of highly concentrated industries in the first-tier cities is gradually changing. The rapid economic growth can also reduce the number of low-income groups.
Image source: Visual China
For the elderly, raising the basic pension for retirees, raising the minimum standard for basic pensions for urban and rural residents, and narrowing the pension gap between different groups of people are the only ways to achieve common prosperity.
zhttps://k.sina.com.cn/article_5937451555_v161e65223019028yol.html?cre=tianyi&mod=wftop&loc=9&r=0&rfunc=87&tj=cxvertical_wap_wftop&tr=182&from=news&subch=onews