The Impact of the Digital Economy on the Upgrading of Resident Consumption

With the continuous advancement of technology, the digital economy is gradually integrating into people's lives. For the public, innovations in economic models mean that the quality of daily life is subtly changing, with the most direct external manifestation being consumption. This paper uses a literature review approach, based on the research conclusions of multiple studies, to explore in depth the impact of the digital economy on residential consumption upgrading from two perspectives: residents' consumption levels and consumption environments. The study shows that the popularity of the digital economy has led to the development of new consumption concepts and created a more advanced way of consumption. The study also found most industrial structures' digital transformation aligns with the needs of the middle and low-income groups in society, which can greatly promote consumption among these groups and improve their quality of life. Additionally, the concepts and technologies of the digital economy have created a more comfortable and reliable ecological environment for consumers, significantly promoting the iterative upgrading of residential consumption.