How do the elderly save money?

Parents save money for several reasons:

1. The era of relatively difficult economy: the era when parents grew up and worked was relatively poor and difficult, and thrifty savings became an important lifestyle and financial management strategy, and thrifty habits were formed;

2. Traditional family values: Parents generally believe in the traditional values of "frugality and morality" and "frugality and housekeeping", and believe that "money is not spent much, but spent well", shopping rationally and calculating carefully;

3. Have a stable income and occupation: most parents have entered the iron rice bowl occupation, have a relatively stable income and a relatively safe working environment, and have more savings opportunities with relatively stable income and expenditure;

4. Consumption habits: Parents' consumption habits have a bottom line, rarely consume in advance, and like to keep money in the bank or piggy bank to ensure family balance;

5. Pay attention to financial management: parents are not less receptive to financial knowledge than modern people, and they love reading newspapers and magazines, paying attention to domestic and foreign news, being able to track financial trends and choose financial management methods that suit them, such as time deposits and stocks.