Research on the Impact of Digital Inclusive Finance on People’s Well-Being

Enhancing people’s happiness and narrowing the inter-city differences in people’s happy living standards have become one of the important ways to achieve common prosperity in China. The development of digital inclusive finance has also increasingly become an important means to serve the national strategy and improve the production and life of the masses, and is of great significance to enhance people’s happy living standards and promote common prosperity. Based on this, this paper constructs a people’s happiness living level index using sample data from 290 prefecture-level cities, conducts research and analysis on the impact of digital inclusive finance on people’s happiness living, and then conducts a cluster analysis study on the differentiated development of residents’ happiness living in each region of China. The results show that digital inclusive finance has an obvious positive impact on people’s happiness, but at the same time there is obvious regional heterogeneity, and the development of digital inclusive finance in economically developed cities has a more obvious impact on the happiness of residents. This paper broadens the economic effects of current research on digital inclusive finance to include the impact on people’s happiness in the research field. It provides a theoretical reference for the government to formulate policies and evaluate the implementation effects of policies as well as for financial institutions to improve the relevant systems and enhance their services, which is conducive to enhancing people’s happiness living standards and achieving common prosperity in all regions.