in 216, the per capita annual income in the United States was about $31,, and the median annual household income was about $57,. At this level of income, it is not a problem to meet daily consumption, but it will be stretched when it comes to large expenditures necessary for families. In education alone, in the United States, the annual tuition fee of first-class private universities may reach $5,, and that of public universities is generally above $2, (if parents are residents of a certain state and pay taxes in this state, they can enjoy the tuition discount of public universities in this state). For middle-class Americans, sending their children to college means emptying their families' savings for years. In fact, American parents' wallets can't squeeze so much oil and water.

Foreigners like to use credit cards to spend money in advance, and only put a small amount of cash on them, advance future income, buy cars and houses with their wages in advance, and they will have to pay back their car loans and mortgages in the next few decades. Therefore, no money has been saved at all, and all the money has been spent, and even the monthly salary will be used to repay the loan. For a country with stable society like the United States, people can spend all their money on consumption instead of saving money, considering how to get better goods. This can also stimulate production and create more profits. In China, with the introduction of consumer credit products such as ant flower buds, the phenomenon of early consumption has gradually emerged. In addition, the economy of the United States is relatively developed, and there are many government welfare policies every month. Even if the money is spent, there is no need to worry too much, so Americans don't have to save money. So for those rich people who have more money left, where did they spend all their money and why didn't they save it?

There are several ways for Americans to manage their finances:

1. Real estate investment: Yes, Americans also buy houses. Although the average savings rate of American households is less than 4%, 68% of households own their own houses. In the United States, the loan interest rate for buying a house is low, the mortgage interest is tax-free, and the appreciation profit is tax-free, so it is favored by many risk-averse investors. At the same time, housing prices in the United States are basically stable, and there is no danger of a housing bubble, but there is relatively little room for appreciation.

2. retirement fund: in addition to the 41K (retirement financial plan provided by the company for employees) mentioned above, there are other options, such as 41A (provided by government agencies for employees) and IRA (retirement financial plan provided by banks for the public). Like 41K and IRA, they are all fund investments. Because of their welfare nature, they have the characteristics of low risk, high rate of return and low tax. However, such funds cannot be withdrawn before retirement (if they are forced to withdraw early, they need to pay a fine), and they are often used as long-term investments. It is normal for a family with an annual income of $1, to get a million returns when they retire. So why deposit it in the bank?

3. financial management: the common concepts of stocks, funds and bonds are basically the same as those in China, so I won't repeat them here.

4. Insurance financing: Insurance financing in the United States is very mature and perfect. Except accident insurance and life insurance, many insurances with gambling nature have high risks but high returns.