The Influence of Population Aging on the Consumption Level of Urban and Rural Residents

Based on the research on aging and consumption at home and abroad, this paper selected the urban and rural panel data of 31 provinces from 2002 to 2020, and used the fixed-effect model to analyze the impact of population aging on residents' consumption in urban and rural areas of each province. The results show that population aging has a significant inhibitory effect on the consumption level of urban residents and a significant promotion effect on the consumption level of rural residents, and there is obvious regional heterogeneity. Based on the above research, the paper finally puts forward some policy suggestions to promote the consumption of urban and rural residents.