Research on the Impact Mechanism of Financial Literacy Overconfidence on Financial Fraud of Urban Elderly
With the aging of the population and the development of digital financial inclusion,the problem of financial fraud of the elderly has increasingly become the focus of social attention.Based on the data of the 2021 China Ageing Finance Survey(CAFS),this paper examines the impact mechanism of financial literacy overconfidence on financial fraud of urban elderly groups in China based on behavioral finance theory.The specific results are as follows:First,urban elderly people who are overconfident in financial literacy are more likely to suffer from financial fraud and suffer greater losses;Second,between financial literacy overconfidence and financial fraud of the elderly,the variable of risk attitude plays a partial mediating role;Third,pension planning has played a negative regulating role.Based on this,this paper puts forward targeted recommendations for preventing the elderly from financial fraud.
万方数据
维普
