Core Viewpoint - The definition of "wealthy individuals" varies significantly across different social classes, regions, and age groups, with a recent authoritative institution establishing four criteria to classify someone as wealthy [1][3]. Group 1: Wealth Criteria - The first criterion is a family net worth exceeding 3 million yuan, which includes assets like housing, cars, and financial assets, minus liabilities. The average net worth of urban families in China is 2.736 million yuan, with only about 30% exceeding this average [5]. - The second criterion is an annual family income exceeding 500,000 yuan, equating to a monthly income of over 42,000 yuan. Only 4.6% of families in China meet this income level, which is significantly above the average family income of 123,000 yuan for a three-person household [7]. - The third criterion is owning two or more properties. Approximately 19.3% of families in China own multiple homes, with ownership rates varying by region: 13.7% in first-tier cities, 18.5% in second-tier cities, and 22.6% in third and fourth-tier cities [9]. - The fourth criterion is having financial assets exceeding 1 million yuan. The average financial asset per family is 316,000 yuan, with only about 8.2% of families surpassing the 1 million yuan mark [11]. Group 2: Financial Asset Trends - The composition of family financial assets is changing, with bank deposits decreasing from 68.3% in 2015 to 51.7% in 2025, while equity assets like stocks and funds have increased from 15.6% to 28.3% [12].

Group 1 - The article highlights the upcoming important economic data and events for the week, including the New York Fed manufacturing index, retail sales, and the Federal Reserve's interest rate meeting in the US, as well as key indicators from the Eurozone and Japan [2][3][4]. - Recent data shows a decline in US consumer inflation expectations for the first time since 2024, with the one-year inflation expectation dropping from 3.6% in April to 3.2% in May [4][8]. - The US Consumer Price Index (CPI) increased by 2.4% year-on-year in May, while core CPI rose by 2.8%, reflecting the impact of high tariff policies on domestic prices [4][8]. Group 2 - The US household net worth decreased for the first time in 2023, dropping by $1.6 trillion to $169.3 trillion, a decline of 0.9% [4][8]. - The Eurozone's Sentix investor confidence index improved to 0.2 in June, better than the previous value of -8.1 and the expected -6 [4][8]. - Japan's GDP contracted at an annualized rate of 0.2% in Q1, which was better than the initial estimate of a 0.7% decline, exceeding economists' expectations [4][8]. Group 3 - The US economic activity index remained stable, with the WEI index at 1.9 for the week ending June 7, consistent with the four-week moving average [5][10]. - The German economic activity index fell significantly, with the WAI index dropping to -0.5 for the week ending June 8 [11]. - The US Redbook retail sales growth rate slightly decreased to 4.7% year-on-year for the week ending June 7, down from 4.9% the previous week [14]. Group 4 - The US mortgage rates saw a slight decline, with the 30-year fixed mortgage rate at 6.84% as of June 12, down from 6.85% the previous week [16]. - Initial jobless claims in the US remained unchanged at 248,000 for the week ending June 7, while continuing claims rose significantly to 1.956 million [21]. - The RJ/CRB commodity price index increased to 309.9 on June 13, reflecting a 3.0% rise from the previous week [24]. Group 5 - Financial conditions in the US and Eurozone have marginally eased, with the Bloomberg financial conditions index for the US rising to 0.491 from 0.336 [28]. - Offshore dollar liquidity remained relatively loose, with the three-month swap basis for the yen against the dollar at -24.5 basis points [30]. - The high-yield corporate bond spread in the US remained low, with a spread of 3.08 basis points as of June 13 [32].