Impact of Mobile Payment on Household Debt:Based on CHFS Data
Based on the survey data of China's household finance in 2019,this paper discusses the role of consumer expenditure in the process of increasing household debt level caused by mobile payment.The results show that the development of mobile payment has a significant positive impact on the level of household debt,that is,mobile payment has led to the expansion of household debt scale;Consumer expenditure has a significant mediating effect between mobile payment and household debt.Therefore,we should continue to promote mobile payment,advocate rational consumption of residents,and control a reasonable level of household debt.
mobile paymenthousehold debtconsumption expendituremediating effect
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