Research On The Impact Of Digital Inclusive Finance On Resident Consumption Structure

As our country has entered the new normal of economic development,how to maintain my country’s future economic growth has become a problem that needs special attention at present.At this stage,there are three core driving forces that can effectively promote economic growth.One is investment,the other is export,and the third is consumption.Among them,the roles of the first two have been relatively saturated,and the national consumption level has been in The lower state has even played a certain restrictive role in the development of the domestic economy.As an emerging financial model,digital inclusive finance helps to promote the upgrading and optimization of residents’ consumption structure from a basic survival type to a development and enjoyment type,thereby improving the consumption level of residents.The development of digital inclusive finance is not only related to the implementation of my country’s strategy of expanding domestic demand,the optimization and upgrading of residents’ consumption structure,and the improvement of people’s living standards.Therefore,it is of great significance to conduct in-depth and comprehensive research on the role of domestic digital financial inclusion in the consumption structure of residents.This paper firstly analyzes the domestic and foreign researches related to digital financial inclusion and household consumption,and sorts out the development status of digital financial inclusion in my country and the reasons for the development of Chinese household consumption structure.consumption structure.On this basis,using my country’s time series data from 2011 to 2020,a vector autoregression model is constructed to analyze the impact of my country’s digital financial inclusion on the basic subsistence consumption of residents and the development of enjoyment consumption.Based on theoretical analysis and empirical verification,this paper learns that as digital inclusive finance becomes more mature and advanced,two types of consumption in the household consumption structure also rise,but digital inclusive finance has a more profound impact on national enjoyment consumption.The optimization of digital inclusive finance has,to a large extent,promoted the optimization of residents’ consumption structure and significantly improved residents’spending power.Combined with the empirical results of this paper and the current status of Chinese residents’ consumption,relevant countermeasures and suggestions are put forward to promote the development of digital inclusive finance in terms of increasing residents’ income,increasing digital infrastructure construction,and improving regulatory policies.