For a number of years, there has been a steady rise in the amount of money that people save in the
bank, although the interest rate has been lowered for several times. Three reasons, in my mind, can
account for this social phenomenon.
First and foremost, the living expenses are becoming higher and higher--people have to accumulate a
large amount of money if they want to buy a house or a car, and banks are the safest places to put
the money in. In the second place, the traditional idea of "preparing for a rainy day" is prevelent
throughout the country--whenever emergency and illnesses arise, money is in need. Last but not least
, many people save money in the bank and take credit cards to go shopping--it is not only safe but
also convenient.
I firmly believe that if we try our best to make good use of savings, it will contribute a lot to
economic development.