Research On The Influence Of Supporting Elders By House Property On Personal Financial Planning

As the income and the lives are getting better and the money market is being consummate, more and more people are be cognizant of the importance of personal finance. But the traditional personal financial planning has some problems. On the other hand, the traditional family and ongoing social financial support for the elderly in China are both facing serious test for the serious problems such as population aging, family scale shrinking, huge elderly funding deficit and the intrinsic defects in elderly security system. House assets have been the main wealth for the elderly citizens in China. Thus, supporting elders by the house property is able to increase the income for the elderly after their retirement. It can also help to deploy the family wealth better than the traditional personal financial planning. The whole dissertation totally includes five parts.The first part introduces the background, extent, thinking traces, and the methods of this research. The second part briefly concludes the meanings of personal financial planning and limitation of the traditional personal financial planning, and set forth the supporting elders by the house property, includes the mode and the method of it.The third part discusses the theory basis for the supporting elders by house property as a new concept of personal finance, includes the life-cycle theory and the asset portfolio theory. Then expatiate on the influences on the aspects of the personal financial planning.The fourth part highlights various influences on the content of the personal financial planning by reverse mortgage by demonstration. It is explained by a case of a man who participates in the reverse mortgage, which influences on his consumer, deposit and investment. The last part summarizes the conclusion and makes suggestions.