Core Viewpoint - The article discusses the perception and reality of having a million yuan in savings in China, highlighting the challenges of low interest rates and the socio-economic implications of reaching this financial milestone [1][4][12]. Group 1: Financial Reality of Million Yuan Savings - Achieving a savings of 1 million yuan is considered difficult, with over 90% of bank clients not reaching this threshold [4][8]. - In Shenzhen, a city known for its high cost of living, the average salary is around 10,000 yuan, making it challenging for many to accumulate 1 million yuan in savings [4][6]. - The average monthly salary in Shenzhen is reported at 12,400 yuan, ranking third in the country, which reflects the competitive financial landscape [6]. Group 2: Wealth Distribution and Class Structure - The proportion of individuals with savings exceeding 1 million yuan is estimated to be around 2% based on data from major banks [8][11]. - According to the 2024 Hurun Wealth Report, only about 1% of Chinese households have assets exceeding 6 million yuan, indicating that million-yuan savers are part of a small elite [11][12]. - The article notes the "olive-shaped effect" in wealth distribution, where middle-aged individuals hold a significant portion of wealth, while younger and older demographics lag behind [12]. Group 3: Banking Services and Client Segmentation - Banks categorize clients based on their asset levels, with "platinum" services typically starting at 500,000 yuan, indicating a tiered approach to wealth management [7][9]. - The criteria for becoming a "platinum" client vary among banks, with some requiring a minimum of 100,000 yuan in average financial assets [9][10]. - The article emphasizes the importance of financial planning and the potential benefits that come with higher savings, such as access to exclusive banking services [12].