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$1tn in savings is $660 per person over an entire year? I know purchasing power is a big thing but I’m not sure whether to interpret this as a large amount or n
by cronin101 3y ago
$1tn in savings is $660 per person over an entire year? I know purchasing power is a big thing but I’m not sure whether to interpret this as a large amount or not.
- mytailorisrich 3y agoYeah, I wasn't clear. They talk about "excess savings", which, as far as I understand, are additional savings relative to baseline, so total amount of money saved should be much higher.
- caidehen 3y agoI came from China. I can provide some context for people to understand what $660 mean in China: 1. It's about 2 month's salary for low to low-medium level, in most big cities. 3. Rent for one room, about 120 square foot is about $100 per month, in big cities. 2. It costs 2 to 3 us dollars for one-person's meal, with 4 to 5 dollars you can get a good meal. Tax included.