Analysis On The Impact Of Family Health On Family Investment Expenditure

The field of micro finance in China started late,but with the unremitting efforts of scholars,there are more and more research on family finance,but the research on family health and family investment is still a little blank,and some theoretical conclusions are inconsistent,This paper selects family indicators to replace the personal financial indicators often used in the past to study the relationship between health and investment.The text selects the data combination of family and home owner to estimate the relationship with family investment,in order to explore the development status of China’s financial field and the shortcomings of the medical security system,Find out the inadequacy of China’s existing medical system,and hope to promote the rapid development of China’s financial market by improving security.And find out the feasible solutions,hoping to contribute to the development of family finance in China.This paper adopts the database of Southwest University of Finance and Economics(chfs),which is one of the most widely used databases in China’s household finance.The data in this database strongly supports the development of China’s finance.By screening the useless variables in the database,this paper finally leaves 12654 household information to complete the empirical part of this paper,The proportion of family investment risk and the proportion of family investment risk are used as a dependent variable to measure the proportion of family investment risk in total assets,These two indicators are relatively objective and can correctly reflect the impact of medical treatment on a family.The control variables include the proportion of elderly households,the proportion of children households,education level,age,family size(number),marital status of the head of household,the logarithm of total household income,the health status of the head of household,whether the family has free housing,the gender of the head of household,the difference between urban and rural areas,and the final regional difference.Probit and tobit models are used for empirical analysis,Finally,the results of empirical analysis are used to support the theory.Through the research,it is finally found that most of the above indicators will have an impact on the investment situation of families.The reduction of family health and the improvement of family medical expenses will reduce the investment intention,resulting in investors’ unwillingness to invest or reduce the original venture capital products,while rural residents are more conservative than urban residents,and their willingness to venture capital is not very strong,The population proportion of a family will also lead to different willingness to invest.The more the elderly,the lower their willingness to invest,and the more children,the stronger their willingness to invest.At the same time,the level of education will also affect the family’s investment choice and look at the risk more rationally,and the income level of a family also determines whether a family can stably adhere to a certain proportion of investment.According to the above conclusions,in order to maximize the vitality of China’s financial market and optimize the allocation of all resources,China’s current security system is not perfect,there is an imbalance in physical factors such as regions,urban and rural areas,and the uneven distribution of medical resources,which are originally scarce,Therefore,it is important to tailor medical security policies instead of extensive classification and management,so as to achieve a more balanced distribution of China’s medical resources.From the above conclusions,it can be seen that medical security can greatly stimulate the increase of investment,If the medical security of residents is not in place,they will only face excessive increase in savings to ensure that they can have sufficient working capital in case of emergencies such as illness.Therefore,only the progress in medical security will stimulate economic development and make the investment field burst out with greater vitality.The development of the investment field has a multiplier effect.Continuing to improve residents’ income and eliminate low-income groups can also increase economic vitality.We can mainly start from this aspect and improve the level of education.Education is the most important job threshold in today’s society.At the same time,people with high education are more rational,more confident and more knowledgeable.Therefore,education is closely related to income,Improving the popularity of higher education can not only improve the income of residents to a great extent,but also improve China’s industrial foundation.Finally,it can also enhance China’s development potential.The role of higher education is to improve the overall potential of the country.Finally,from the perspective of the financial market itself,it should pay more attention to publicity,actively publicize the knowledge of the financial market and let more people know and understand financial products,so as to increase potential customers.Only when there are enough potential customers can they really transform into investors with a certain base.Therefore,it is very important for everyone to understand the financial knowledge,Instead of having no knowledge of finance,people will always try in their familiar fields.Therefore,for example,in rural areas or central areas,we can increase investment,more widely transfer financial knowledge to people,let everyone know and understand financial products,so as to make the balanced development of financial industry as much as possible,and do a good job in the publicity of financial risks,Warn everyone that there are risks in investment and avoid systemic risks.The most essential role of finance is to enable people to allocate resources more effectively rather than create risks,so the hint of risk is also very key.