Analysis On The Influence Factors Of Residents' Savings Deposits

As the reform and opening up with the rapid development of the economy,the income level of residents has been constantly improving,and the savings deposits of residents have been in a high-speed growth situation.Resident savings deposits are not an important source of investment funds in the national economic cycle,but also a driving force for a country's economic growth.In the process of national economic growth,we can not leave the support of large amounts of capital.The transformation of household savings deposits into investment can directly stimulate economic growth,and household savings deposits also affect demand through household consumption,thus affecting economic growth.The rapid growth of household savings deposits has strongly supported the rapid growth of China's economy in the past decades of reform and opening up.However,besides many structural problems,the high growth of household savings deposits and the insufficient consumption demand lead to a smaller and smaller proportion of domestic final consumption in GDP,which has become a constraint on China's further economic growth and has a negative impact on improving China's capital structure and sustained economic growth.At this stage,the rate of return on investment has fallen,and the rise of international trade protectionism has hindered the growth of foreign trade exports.It is particularly important to solve how to reduce the savings rate appropriately and guide the steady and reasonable growth of household consumption.Therefore,in-depth analysis of the reasons for the high savings rate is crucial to the realization of the supply-side structural reform proposed by the government at this stage,the realization of China's economic growth,and the economic transformation from investment and foreign trade export to domestic consumption.The analysis of the influencing factors of household savings deposits and the origin of China's savings is of great practical significance for the government to formulate national policies,rationally and effectively convert China's higher household savings deposits into consumption,promote economic transformation and maintain sustainable economic development.Basing on the relevant data and the least square method of Stata statistical software,the author makes a regression analysis of the model,examines and processes the influencing factors of the residents' savings deposits in Shandong Province,and draws a conclusion according to the final regression equation.Residents' disposable income and Gini coefficient are the main factors affecting residents,savings deposits in Shandong Province,showing a positive correlation.Savings deposit interest rate and residents' savings deposits are positively related,but the impact is weak;inflation and residents' savings deposits are negatively related,but the impact is weak.After drawing the above conclusions,according to the disposable income,Gini coefficient and other factors,so as to solve the problem of savings deposits,reducing savings deposits,guiding the consumption of residents,we put forward reasonable policy recommendations.The first is to improve the social security system and reduce precautionary savings.Second,we should reform the income distribution mechanism and raise the consumption level of residents.Third,we should broaden the investment channels for residents and increase residents' property income.