Research On The Impact Of Aging Population On Family Financial Management

At present,the problem of population aging is widespread in the world and has become a serious social problem.As early as the turn of the new century and the old century,China has entered an aging period,and the problem of aging has become increasingly prominent.Among the global aging population,China’s aging population accounts for more than 20%.The problem of population aging has emerged in families,which has changed the structure and level of economic income of families and affected the allocation of financial assets of families.Nowadays,more and more Chinese families are faced with the problem of providing for the elderly,which cannot be solved only by the pension subsidies provided by the government.It is necessary to adjust the family financial asset allocation plan in time to deal with the aging problem and avoid causing prominent social problems.Therefore,under the background of population aging,this paper deeply analyzes how family residents optimize the financial asset allocation scheme,which can have a far-reaching impact on families and society.In the research of this topic,we sorted out the data of China’s household financial survey,first defined the key concepts,also pointed out the theoretical support obtained in the research,carried out a theoretical review,analyzed the relationship between population aging and household financial asset allocation,and analyzed the situation of China’s household asset allocation in the context of the increasing aging.Secondly,the questionnaire is prepared,distributed,filled in and summarized to deepen the understanding of the allocation of financial assets of Chinese households in the context of aging and grasp its characteristics.To explore the relationship between family asset selection and aging through empirical analysis,and to explore how financial cognition can play a regulatory role.Through the above research and analysis,the main conclusions of this paper are as follows: First,with the further improvement of the aging level,the holding rate of households for less risky assets will increase,and the holding rate of more risky assets will decrease.Second,in the process of the growing age of residents,families are more inclined to choose safe financial assets for financial assets.In the process of improving the level of family financial cognition,the negative impact of aging on risky asset investment will be offset,and in the aspect of risky asset investment,the regulatory effect of financial cognition is greater than in the aspect of safe financial assets.Thirdly,with the further improvement of financial management cognition,the diversity level of families in investment portfolio will also be further improved.Moreover,the diversity of investment portfolio will be strengthened in the process of increasing the level of aging due to the promotion effect of financial management cognition.Family portfolio diversity will also be affected by family members’ financial literacy and aging.Through the extracted conclusions of the full text,put forward targeted feasible suggestions.