Research on the influencing factors and economic effects of China's household leverage ratio

This study explores the influencing factors and economic effects of my country's household leverage ratio. In recent years, my country's household leverage ratio has risen rapidly, which has had a profound impact on the stable development of the economy. This paper first sorts out the main factors affecting the household leverage ratio through literature review and theoretical analysis, including macroeconomic factors (such as economic growth rate, monetary policy, real estate market, etc.), microeconomic factors (such as household income level, consumption habits and savings rate, credit availability, etc.) and social factors (such as population structure, education and financial literacy, etc.). On this basis, this paper analyzes the specific impact of household leverage ratio on economic growth, financial stability, real estate market and household consumption behavior. The study found that a moderate household leverage ratio can promote economic growth and consumption, but an excessively high leverage ratio may trigger financial risks, inhibit long-term consumption capacity, and aggravate the volatility of the real estate market. Finally, this paper puts forward a series of policy recommendations, including reasonably guiding the household leverage ratio, strengthening financial supervision and promoting financial education, in order to provide reference for the government and financial institutions and promote the sustainable development of the economy. Through this study, it is hoped that new perspectives and ideas can be provided for academics and policymakers, and theoretical and practical support can be provided for solving the problem of household leverage ratio in my country.