The country has 1.4 billion people and 490 million households. There are about 800 million people in the workforce between the ages of 16 and 60. It involves primary, secondary and tertiary industries, and is divided into 8 major occupations, 66 types of occupations, 413 sub-categories, and 1,838 occupations. The number of employed people at the end of 2023 was 740 million. According to the value generated by the factors of production, it can be roughly divided into three levels: physical labor, mental labor, and knowledge labor.
Manual labor is to take one's own physical labor as the factor of production and the price, and the older you are, the younger the labor skills. The country has 290 million migrant workers, more than 6 million couriers, and more than 20 million construction workers.
Technical labor is to have one or more skills, and technology is the production requirement. More than 10 million health technicians, more than 3 million taxi drivers, more than 17 million truck drivers, and so on are all skilled labor.
Knowledge work is through people who have received higher education or higher. There are about 70,000 lawyers, 8 million civil servants, more than 80 million people who are financed or partially supported, more than 4 million bank workers, 6 million programmers, and so on.
The value of labor is different, the income from labor is different, and the standard of living of families is also different. Household savings are also different. Savings can be roughly divided into 8 levels according to income level, living area, and amount of savings.
The first layer is the debt layer. More than 700 million people in the country have debts, 90% of which are mortgages. More than 400 million people are overdue. Some families have a debt of 10 billion, some have a debt of 100 million, some have a debt of 1 million, some have a debt of 500,000, and some have a debt of 100,000. Some people try to defuse risks by all means, and some people transfer assets to live on their own. This level has about 16%.
The second layer is a zero-deposit layer. Household savings are 0 and basically 99% of income is spent on living expenses. There are no assets, no labor, either lost labor or disabled, either low-income households or unwilling to take the initiative to make money. It's a day to live. By the end of November last year, more than 66 million people had been dynamically monitored for low-income population, and 40.449 million people had been guaranteed subsistence allowances. It is estimated that it accounts for about 0.2%.
The third layer is the subsistence layer. Household savings of less than 50,000 yuan, monthly income of less than 3,000 yuan, manual laborers, sanitation workers, fifth-tier city salesmen and other occupations, 80% of the income is used for living expenses. About 12% of households. To be able to solve the basic living expenses, the greatest desire is to change the class.
The fourth floor, the mass layer. Household deposits are between 50,000 yuan and 100,000 yuan, and monthly income is between 3,000 yuan and 5,000 yuan. Sixty per cent of them are manual labourers. Novice drivers, food delivery guys, county civil servants, teachers, and so on are all part of this group. It accounts for the largest proportion, with about 35% of households.
Fifth Floor: Medium Floor. The family has a deposit of 110,000 yuan to 200,000 yuan and a monthly income of between 5,000 yuan and 8,000 yuan. 80% of people have technology, knowledge and capital, and the income level should exceed 80% of people, more than 5 years of old train drivers, excavator divisions, 60% of people in the first and second lines, delivery workers, Didi drivers, etc. That's about 18 per cent of households.
The sixth floor, the small rich floor. The family has a deposit of between 210,000 yuan and 500,000 yuan, and a monthly income of 8,000 yuan and 10,000 yuan. Programmers, lawyers, general practitioners, financial planners, investment analysts, etc. are typical representatives of this level, and 90% of the income comes from knowledge acquisition. Living in first- and second-tier cities, about 12%.
Layer 7 Asset Layer. Household deposits are between 500,000 yuan and 1 million yuan, and monthly income is between 10,000 yuan and 50,000 yuan. It has a certain scale of operating income sources, and family assets exceed 5 million yuan. It has exceeded 80% of households, accounting for about 5%.
The eighth floor: the affluent floor. The family has a deposit of more than 1 million yuan and a monthly income of more than 50,000 yuan. Accounting for 1.8%, true wealth freedom, life transcends everything. It has been very successful. Success is determined by birth.