| The development of social economy has significantly improved people’s living standards compared to the previous ones,but the subsequent deepening of the population aging has also become an inevitable global problem.The Ministry of Civil Affairs introduced at a press conference in October 2020 that it is predicted that my country will enter a moderately aging population during the "14th Five-Year Plan" period.By then,my country’s aging population will exceed 300 million,and the pension problem needs to be resolved urgently.Due to the influence of traditional family ethics and morals,our country’s long-term old-age care model has always been "raising children to prevent old age",focusing on family old-age care.However,the gradual weakening of the family’s old-age care function makes it difficult to meet the needs of the elderly.At the same time,the current overall financial literacy level of Chinese consumers is not high,and financial literacy as a special kind of human capital may affect pension planning behavior to a certain extent.Consumers with higher financial literacy are more likely to obtain and filter relevant information.,Urge them to be more proactive in making personalized retirement planning behaviors that suit them,to ensure the quality of life of the elderly and maximize their utility.In this context,this article mainly intends to understand the current situation of residents’ financial literacy and pension planning behavior in Lujiang County based on the questionnaire data,explore the impact of financial literacy on pension planning behavior using econometric models,and put forward relevant countermeasures and suggestions in response to problems and conclusions,with a view to Lujiang County residents can have a high-quality elderly life full of happiness and sense of acquisition.Based on combing the relevant literature and preliminary understanding of the financial literacy and retirement planning behaviors of residents in Lujiang County,this paper selects Lujiang County as the survey object,and analyzes the financial literacy and retirement planning behaviors of Lujiang County residents based on the econometric model.First,the reliability and validity of the questionnaire data are tested,and then based on the data obtained from the questionnaire,the current status of financial literacy and pension planning behaviors of residents in Lujiang County is analyzed;then factor analysis is used to extract factors to reduce the dimension to construct financial literacy indicators;through the dual logit model Analyze the impact of financial literacy on elderly care planning behavior,and further analyze the impact of financial literacy on the number of other elderly care planning behaviors through multiple linear regression;then use the international general compound interest calculation,inflation and investment risk as the answer scores of the three questions The new financial literacy indicators have been tested for robustness;finally,conclusions and recommendations.Through the survey and analysis of the questionnaire,it is found that the respondents’ financial literacy level is low,and the elderly planning behavior is lacking,indicating that the current situation of Lujiang County residents’ elderly planning needs to be improved.Analyzing the binary logit regression results,it is found that financial literacy has a significant positive impact on senior care planning behavior.The proportion of residents in Lujiang County who have advanced senior care planning behaviors increases with the improvement of financial literacy level,and their education level,health status,and income Other factors are also conducive to residents’ diversified pension planning behaviors.Further research found that financial literacy also has a significant impact on the number of other pension planning behaviors.The higher the level of financial literacy,the greater the number of pension planning behaviors owned by residents. |
