Research On The Influence Of Consumer Finance On Residents' Consumption In Our Country

As one of the "troika" of economic growth,consumption is of great significance to economic growth.In recent years,however,the phenomenon insufficient consumption suddenly appeared in our country,to this end,China's rapidly and timely issued a series of important measures to expand domestic demand,developing consumer finance is one of the key measures.At the same time,under the new normal,the supply-side reform strategy puts the consumption at the height of the new engine of China's economic development.As an important means to promote consumption,the development of consumer finance has been paid more and more attention.Although China's consumer finance has developed quickly in the past 20 years,the domestic residents' propensity to consume does not appear to ascend,instead,it shows a declining trend,which is deviate from the original intention of developing consumer finance.Based on the reasons mentioned above,research about issues like,can consumer finance really boost the growth of consumption or not,if can,what is the affecting path,what degree can the effect achieve,are of great significance.Based on the main line "theoretical basis--the influence path--the empirical analysis – conclusions and policy proposals",this paper explores how consumer finance can affect the consumption of Chinese residents.And this paper is divided into six chapters.The first chapter is the introduction,which mainly introduces the research background,research content and research methods,research significance and innovation points and deficiency of this paper.The second chapter is a literature review,which mainly reviews the existing studies at home and abroad.The third chapter introduces the development status of China's consumer finance through a series of data and charts,and analyzes the pain points of China's consumer finance development.The fourth chapter analyzes the concrete path of consumer finance influencing consumer consumption by combing the classical theory.The fifth chapter makes an empirical analysis on the impact of consumer finance on consumer spending by constructing models.The sixth chapter mainly summarizes the above theoretical analysis and empirical evidence,draws conclusions,and proposes suggestions for the development of consumer finance.The conclusions of this paper are as follows: First,consumer finance can drive consumption growth.Second,short-term consumer financial products have a greater impact on consumption than long-term consumer financial products have on consumption.Third,the increase of pension fund expenditure will increase people's willingness to use the consumer financial channels for consumption.Fourth,the development of consumer finance will promote the upgrading of the consumption structure.