为什么利息越降，存钱越疯狂？日本30年前的教训，能给我们哪些启示？

Core Insights - The article highlights the paradox of increasing household savings in China amidst declining interest rates, suggesting potential economic risks similar to Japan's past experiences [1][3][5] Group 1: Economic Indicators - In 2025, the one-year fixed deposit rate of major state-owned banks in China fell below 1%, reaching 0.95%, while the seven-day annualized yield of money market funds dropped below 1.2% [1] - The People's Bank of China reported that household deposits exceeded 162.02 trillion yuan in the first half of 2025, an increase of 10.77 trillion yuan since the beginning of the year, with per capita deposits reaching 105,000 yuan, marking a historical peak of 78.02 trillion yuan in "net deposits" [1] Group 2: Historical Context - The article draws parallels between current Chinese economic conditions and Japan's economic stagnation following the bubble burst in the early 1990s, where low interest rates did not effectively stimulate consumption or investment [3][5] - Japan experienced a shift in societal mindset post-bubble, leading to a "low-desire society" where individuals prioritized saving over spending due to economic uncertainty [3][5] Group 3: Societal Implications - The shift in public sentiment in China mirrors Japan's past, with a growing cautious attitude towards spending and a focus on saving for future uncertainties [5] - The article emphasizes that the core of consumption and investment is confidence, which diminishes when economic outlooks are bleak, leading to a societal trend of "defensive saving" [5] Group 4: Recommendations - The article suggests a balanced approach to wealth management, advocating for a "dumbbell" asset allocation strategy where a majority of assets (70-80%) are placed in safe, liquid investments, while a smaller portion (20-30%) is allocated for growth opportunities [6] - Investing in personal development is highlighted as a reliable strategy for enhancing earning potential during uncertain economic times [6][7]