The Influence of Financial Literacy on Family Property Income

The 14th Five Year Plan and 2035 vision proposed to increase the property income of Chinese residents through various reasonable and legal means. As the basic unit of economic development in urban and rural areas, family income is of great importance. Improving household income is the key to win the overall well off society, and financial literacy is an important factor affecting family income. The analysis is based on the 2019 China Household Finance Survey CHFS data. The results show that financial literacy has an obvious effect on the level of family property income in our country. Mechanism analysis shows that household participation in financial market plays an intermediary role in the process of financial literacy affecting property income. Heterogeneity analysis shows that the impact of financial literacy on property income is significantly greater for cities. Duan Jiawei "The Influence of Financial Literacy on Family Property Income" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-1 , February 2023, URL: https://www.ijtsrd.com/papers/ijtsrd53863.pdf Paper URL: https://www.ijtsrd.com/management/business-economics/53863/the-influence-of-financial-literacy-on-family-property-income/duan-jiawei