A Study on the Impact of Household Debt on Residents'Happiness-Based on CHFS Data
Since the reform and opening up,China's economy has ushered in substantial development,and the living standards of residents have been greatly improved.But along the way,problems have accumulated,such as high indebtedness and the gap between rich and poor.The impact of debt on happiness has two sides:it can improve residents'happiness by stimulating economic development,and it can increase debt service pressure and reduce residents'happiness.As a result,the impact of debt on well-being is less clear.Therefore,this paper uses the data of the 2019 China Household Finance Survey(CHFS)to empirically analyze the construction model of variables such as total household debt and residents'happiness,and clarifies that total household debt has a negative impact on residents'happiness.The impact of total household debt on happiness was analyzed.Suggestions were put forward to accelerate industrial transformation and improve the redistribution system.
NETL
NSTL
万方数据
