Research on the Impact of Digital Financial Development on Household Wealth Growth in the Context of Common Prosperity
To explore the impact of digital finance on household wealth and whether it has a specific role in promoting common prosperity.This article uses the 2015,2017 and 2019 China Household Finance Survey data to explore the impact of the development of digital finance on Chinese household wealth and relative wealth.The study finds that the development of digital finance can promote the growth of family wealth,mainly through improving family financial literacy and promoting family entrepreneurship.Further research finds that the effect of digital finance development on household relative wealth is more obvious in low-income and non-eastern households,which indicates that there is a digital divide in the development process of digital finance.
Common prosperityDigital financeFamily wealthDigital gapPolicy suggestion
NETL
NSTL
万方数据
