Investigation Report On Financial Literacy Of Urban And Rural Residents In Tongliao

Financial literacy is the ability of consumers to master and use financial knowledge to manage their own financial resources.The lack of financial literacy will affect consumers to make correct financial decisions,and for a country,a good level of financial literacy is conducive to the sustainable and healthy development of the national economy,as well as an important factor to stabilize the financial market.From a macro perspective,there have been many studies on the root causes of the global financial crisis in 2008.Scholars from all over the world generally agree that the improvement of national financial literacy level is an effective means to resist the systemic risk in the financial market.From a micro perspective,individual financial behaviors will radiate to the whole family.Improving financial literacy level can better protect the financial rights and interests of residents,improve the status quo of wealth management,and thus improve the well-being of individuals and families.On the other hand,the number of complex financial products is gradually increasing,and the careless supervision of Internet finance has also led to the explosion of a large number of P2 P platforms.Under the new market situation,residents have higher requirements for their financial literacy level,such as understanding some proper terms of the financial industry and the operation mode of financial products.In addition,they should improve their ability to identify risks and make reasonable plans for their own and family wealth.Thus,it is of great significance to improve the financial level of residents.By reading the financial literacy of related literature at home and abroad,summarizes the definition,influence factors about financial literacy and the progress of the investigation and study,in the organisation for economic co-operation and development financial literacy assessment framework on the basis of the combination of the people’s bank of financial literacy questionnaire,from the attitudes,behavior,knowledge level,financial skills and risk awareness five aspects to establish the evaluation architecture of tongliao city urban and rural residents’ financial literacy,and under the guidance of the teacher to determine reasonable questionnaire topic;From July to September 2017,a total of 1,000 questionnaires were sent out in combination with field distribution and online distribution.After removing 82 invalid questionnaires,the actual number of samples was 918.On the basis of the original data for statistics,sorting,descriptive analysis for responses from the questionnaire,and then using thecorrelation analysis,regression model of urban and rural residents in tgo area of empirical analysis on the factors which influence the financial literacy,thus this article conclusion:(1)the average overall financial literacy of tongliao city urban and rural residents in the medium,urban residents’ financial literacy,a little higher than in rural areas;(2)from the perspective of tongliao’s overall financial literacy level,age and marital status have a significant negative impact,while education,occupation,income level,familiarity with financial practitioners and knowledge of economics have a significant positive impact;(3)from the perspective of urban residents’ financial literacy,residents’ education level,occupation,income level,whether they are familiar with financial practitioners,and whether they have learned economic knowledge all have a significant positive impact;(4)from the perspective of financial literacy of rural residents,the status of influencing factors is the same as that of tongliao city as a whole.Age and marital status have significant negative effects,while other factors have significant positive effects.According to these conclusions,this paper compiled a few developed countries for the improvement of residents’ financial literacy related policies,and from the government,finance,education,financial institutions and individual four angles,proposed the financial infrastructure construction,diversified education platform,improve the economic and financial regulatory environment,financial institutions supply and improve self education consciousness enhance the level of financial literacy.