“Americans don’t save money and spend tomorrow’s money today.” This is what many people who have been to the United States say from their own experience, and it is also widely publicized by the media. It shows that Americans really don’t like deposits! But there is a question. 1. Americans don’t like deposits but prefer loans for consumption. So where does the bank’s money come from? Because we all know that banks need depositors' money in order to lend. 2. The United States has the world's largest stock market, futures, and foreign exchange trading markets. The amount of transactions every day is astronomical, and most of them are conducted by American people. So where does this money come from? Can anyone understand what's going on?

In the United States, most people will not choose to save money because the savings rate in the United States is too low. Statistics show that 69% of Americans have less than $1,000 in their bank accounts, and nearly 34% of Americans don’t even have a penny in their bank accounts! This is simply unbelievable to the Chinese, but Americans will not be "restless" and can still live a good life even if they have no savings.

Compared with us Chinese, Americans’ consumption concepts are as bold and open as their culture. Americans are very confident in their future income, which is a typical “advance consumption”. First of all, Americans are accustomed to overdraft consumption. Their credit card usage is similar to that in China. However, American banks provide consumers with a high-quality interest-free period of at least 45 days. Even if interest is charged after the interest-free period, the interest rate is quite low. This is even more encouraging for consumers.

Social security is in place, and all sickness and unemployment are covered by social security. There is no need to be stretched thin and anxious about these things, and naturally there is no need to set aside too much savings. If you have money, spend it, and then take out a loan after you spend it. Life is short, so enjoy yourself while you can. The elders of some families here in the United States will buy insurance, trusts and other projects for their children, so that some people don't have to worry about basic living security.

In short, it is a trend for young people in the United States to overdraft and use credit cards. Many young people really belong to the kind of money-making family. The sound social security system makes their lives very easy and free, without having to think about marriage or cars. Loans, mortgages and other issues, but not all Americans don’t save money.

The Chinese concept is that children must support their parents, and young people have concerns about work, marriage, car loans, housing loans, etc., which gradually forms this moral ideology to regulate behavior. But we don’t have to envy the United States. The economic base determines the superstructure.