The Impact of Digital Finance Development on Household Wealth: a Literature Review
Abstract
In recent years, with the rapid development of digital finance, the technological advantage and the characteristics of digital finance can promote the family wealth to a certain extent. This paper summarizes the cutting-edge research results of the development of digital finance, and sorts out the development status and impact of digital finance. And the impact of digital finance on household wealth from two new ways of financial literacy and risk taking. On this basis, further focus and analysis of digital finance in the development of potential risks: the Matthew effect. In future studies, it is necessary to carry out in-depth research from the perspective of the relative poverty of "marginal groups" to the value, the specific ways to improve family financial literacy and the impact of digital finance on the regional differentiation of family wealth.
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DOI: http://dx.doi.org/10.18686/fm.v8i1.6361
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