A Survey Report On Rural Financial Literacy Assessment And Influencing Factors In Shijiazhuang

Financial literacy is the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being.The level of financial literacy plays an irreplaceable role in national economy.Receiving good education can also maintain the stability of financial market.In the wake of the subprime crisis in 2008,countries have incorporated financial education into national legislation,and as an important part of national development strategy.Foreign scholars began to study the theory of financial literacy at the earliest.Research shows that age,gender,education,income and occupation are the main factors that influence consumers' financial literacy.With the quickening pace of financial innovation and the complicated financial products,how to improve the level of consumers' financial literacy has becoming an urgent task to be studied.In order to understand the situation of rural residents' financial literacy in Shijiazhuang,the survey took consumers from four areas of Shijiazhuang as the research object and carried out research in November 2017.Based on the results of statistical analysis and empirical analysis,we can know that the level of consumers' financial literacy in Shijiazhuang needs to improve.Among the factors that affect the level of consumers' financial literacy,education and income have positive correlation with the level of financial literacy;the results showed that consumers aged 40-49 have the highest financial literacy;when consumers have a job or retired,they had positive effects on their financial literacy;when they were employed as farmers,they had a negative effect on financial literacy;in addition,gender has limited impact on financial literacy.Through the survey we can know that improving consumers' financial literacy should be a long-term and systematic work and needing joint efforts of the social from all walks of life.Carrying out targeted work of the popularization of financial knowledge and promoting financial knowledge into national education system.