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Impacts of Financial Literacy on Elderly Households’ Consumption

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  • Xie, Qian
  • Ke, Haie
  • Peng, Juan

Abstract

This study examines the relationship between financial literacy and the consumption of elderly households. Using panel data from the China Household Finance Survey (CHFS), empirical analysis reveals that improved financial literacy can promote increased consumption among elderly households. Furthermore, the impact of enhanced financial literacy on enjoyable consumption is more significant than subsistence consumption's.

Suggested Citation

  • Xie, Qian & Ke, Haie & Peng, Juan, 2024. "Impacts of Financial Literacy on Elderly Households’ Consumption," Finance Research Letters, Elsevier, vol. 62(PA).
    • Handle: RePEc:eee:finlet:v:62:y:2024:i:pa:s1544612324001764
    DOI: 10.1016/j.frl.2024.105146
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    References listed on IDEAS

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    Cited by:

    1. Xie, Panlin & Fu, Ke, 2024. "Financial literacy and digital product consumption - An analysis based on CFPS data," Finance Research Letters, Elsevier, vol. 68(C).

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