Masao Ishihara said while eating: "The credit card crisis that broke out in South Korea is not an exception. Ten years ago, a credit card storm broke out in Japan.

At that time, it was shortly after the Japanese economic bubble burst that the Japanese government significantly reduced interest rates in order to stimulate domestic consumption and stimulate domestic demand.

If you say a thousand words, it is all consumerism that has successfully brainwashed ordinary people. Consumption is virtue, consumption is patriotism, and consumption can promote the development and employment of the country's economy... I believe you have heard too many words like this!"

While nodding, Park Yilin said bluntly: "I still use a credit card, but I don't owe a large amount of debt that I can't afford."

Masao Ishihara immediately laughed and said: "Do you need to pay the mortgage or pay the rent? In an international metropolis in Seoul, South Korea, mortgage or rent is the biggest mountain that makes ordinary people breathless. None of them. If rent only accounts for one third of an ordinary person's income, it is considered good.

After all, according to international standards, no more than one-third is used to pay rent, one-third is used to eat, drink, defecation, water, electricity, gas, etc., and one-third is used to save.

In fact, this is completely an ideal state. In fact, many people spend half of their income, or even more, on paying rent.

As for mortgage loans, many people spend all their income on it, which is not even enough. Otherwise, there wouldn't be any situation where parents need to help pay the mortgage loan.

For ordinary people, the second mountain is the education cost of children. Private schools, off-campus tuition fees, and university tuition fees are still money that must be paid even if they grit their teeth.

No matter how poor you are, you cannot be poor in children. No matter how poor you are, you cannot be poor in education. According to an old saying by you Koreans, you would rather sell your cows at home than let your children study.

It is not impossible if a person or a couple plans to not have children in their entire lives. This is just a mountain that is exempted.

The third mountain is medical treatment. When people eat grains and grains, what if they don’t get sick? They can still bear it if they get a minor illness. What if they get a serious illness?

Even if it is not a terminal illness, it will cost a lot, which can completely cause an ordinary Korean middle-class family to either lose a layer of skin or damage the muscles.

The fourth mountain is pension. In South Korea, most people do not have pension insurance, which means that they will not have monthly pensions after retirement at the age of 60.

Even if there are, there are very few, and we cannot live with just a little pension. After they retire, they still have to do things within their ability to supplement their family income. Therefore, it is not surprising that more than half of the elderly in South Korea live in poverty.”

Park Yilin suddenly said with great emotion: "The middle and lower classes in society have suffered the greatest harm."

Masao Ishihara picked up the wine glass and drank a big sip of wine and said, "In life, rich people should have it, and they have it. This desire becomes less and less.

Furthermore, a person can become rich must have outstanding features, especially those who start from scratch or climb up from the bottom of society. Even if he can reincarnate, it is an outstanding technology.

The less money a person is, he wants everything and buys everything. If he can’t afford a house, he should be able to afford some other small things!

It can not only satisfy the desire for consumption, but also fill in some gaps in the heart. So I bought a lot of things that are useless and will not add value.

Gu Yi

By the time he came to his senses, the credit card had already owed a large amount of debt. In addition, the credit card also has a hidden and deceptive psychological effect, which is not as real as it is with cash."

He paused at this point, took another big sip of wine, and drank all the Wuliangye in the cup. As soon as he reached out, he picked up the Wuliangye bottle, poured wine into his empty cup, and continued: "Many people, especially the entry-level middle class, are also overdrawing their personal future in order to maintain their own quality of life.

Take the boiled beef on our table for example! You have to think that using Korean beef can make it look classy, ​​and you just don’t want to make it with ordinary beef.

The monthly income level of young white-collar workers cannot support them in buying luxury goods. Logically speaking, if you can't afford it, you won't buy it! This is not a necessity for daily life, it is completely dispensable.

Is this actually the case? No! Especially in Seoul, South Korea, the fanaticism of young white-collar workers towards luxury goods is extremely hot.

Even if the price increase of luxury goods is greatly increased, it will not only not stop their enthusiasm, but will also further arouse their desire to buy.

The young white-collar workers holding luxury bags to squeeze into subways and buses are not a few, but too many. They are not paying it in one lump sum, and it is already a normal thing to pay in installments.

As long as you have credit card installments, interest will be charged. The interest rate is not low, and it is almost the same as the interest rate of some underground bankers.

With a luxury bag, should we match it with a luxury clothing? Otherwise, it will be too low-end.

If you have a luxury clothing, you have to have a pair of luxury shoes. Otherwise, this will not be set, it will not look good, or even be inconsistent, which will not reflect your value.

Add a pair of luxury socks, earrings, necklaces... If you keep doing this, you will never be able to catch up with the money you spent, which will lead to more and more credit cards, which will eventually lead to overwhelming burdens."

Park Yilin was surprised and said, "What I didn't expect was that you understand the psychology of ordinary people too much."

Masao Ishihara said straightforwardly: "If I don't understand the psychology of ordinary people in depth, how can I sell goods?

The success of the wine market in South Korea is because ordinary Koreans have purchased a lot of wines under our Karuizawa Group by relying on these places."

Park Yilin thoughtfully said, "I'm afraid it's not just the contribution of ordinary Koreans, right?"

Masao Ishihara said bluntly: "The banks and institutions that send credit cards in South Korea have also made great contributions, and have really helped us capitalists.

If it weren't for the large credit limit, it wouldn't have made more ordinary Koreans furious and mistakenly think that they have money and spend their credit limits as deposits."

Park Yilin suddenly fell into deep thought. If she had not been with Masao Ishihara, she would not have lived a wealthy life by relying on an ordinary job and income alone.
Chapter completed!