The influence of digital inclusive finance on household wealth: A study based on CHFS data

We examine the role of digital inclusive finance in promoting household wealth growth at the micro level using the survey data from the China Household Finance Survey and Research Center (CHFS) in 2017, 2019 & 2021. The study finds that: the digital inclusive finance is conducive to the promotion of household wealth growth. Digital inclusive finance can promote the accumulation of household wealth by improving the level of entrepreneurship and optimizing the efficiency of financial asset allocation; and the promotion of digital inclusive finance on household wealth growth strengthens with the increase in the amount of household wealth.