Age-Period-Cohort Effects on Financial Health of Household

Household financial behavior is an essential component of economic cycles and the functioning of financial systems. Encouraging household financial investment and safeguarding financial health are crucial forces for unleashing the potential of domestic demand and ensuring the healthy development of the economic and financial sectors. However, in recent years, with the increasingly prominent characteristics of small-scale and aging households in China, more individuals and families need to take responsibility for managing household finances and using financial tools effectively to achieve their development goals.