Research on the Impact of Digital Financial Inclusion on Household Financial Assets

Amidst the relentless and daily acceleration of digital technology's evolution, digital inclusive finance, a pivotal branch of financial innovation, is flourishing at an unprecedented pace. It has widely penetrated into every facet of socio-economic life, especially exerting a profound impact within the family dimension. Thus, this paper aims to investigate the impact of digital inclusive finance on household financial assets. By adopting the digital inclusive finance index as the independent variable and household financial assets as the dependent variable, this study incorporates indicators such as the household head's age, education level, and risk appetite as control variables to construct a regression model for quantifying the relationship between the two. The research concludes that the development of digital inclusive finance promotes the growth of household financial assets and facilitates rational allocation of household assets, thereby assisting households in wealth management. Finally, addressing the existing issues in the field of digital inclusive finance, including the significant urban-rural development gap, customer information leakage, and low financial literacy among residents, this paper proposes corresponding solutions aimed at promoting the healthy development of digital inclusive finance and enabling it to better serve the households.