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What is Impact of Financial Literacy on Household Investments about?

This study analyzes the relationship between financial literacy and household investment in risky financial assets using data from the China Household Finance Survey (CHFS) from 2017 to 2021. It finds that financial literacy positively influences risky investment behaviors, with the presence of older adults enhancing this effect while children diminish it. Additionally, the impact of financial literacy on investment behavior is more pronounced in urban households compared to rural ones.

Author

susanti142966

Language

EN