Investigation and Research on Family Financial Management of Guangzhou Residents
- DOI
- 10.2991/aer.k.201203.022How to use a DOI?
- Keywords
- Guangzhou City, Family Finance, Investigation and Research
- Abstract
This study analyzes the problems and makes suggestions by investigating the current situation of family financial management of Guangzhou residents. This study has used questionnaires to collect data and analyze data using SPSS20.0. The study finds that 24.8 per cent of households spend the most on “education”. 41.6% of households spend 50%-60% of their annual income, 32.1% of households generally express the need to invest in financial management, 32.8% of households aim to achieve asset appreciation, and 37.2% of households want to have a financial plan in the future. 43.1% of households participate in financial management mainly through bank deposits, 45.3% of households invest 5% to 10% of their income, 40.9% of households reduce risk through their portfolios, 34.3% of households obtain financial information through the Internet, 41.1% of households have investment returns below 10%, and 53.3% of households are dissatisfied with their returns. Conclusion: The financial management of households in Guangzhou is restricted by income and expenditure, and there are bottlenecks. They have financial goals, lack of planning, conservative financial investment, and low financial investment, lack of scientific financial management, and low financial returns and satisfaction. According to the research, some suggestions are put forward to optimize family financial management in Guangzhou.
- Copyright
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Zhenqian Zhang AU - Qiangqiang Bai PY - 2020 DA - 2020/12/03 TI - Investigation and Research on Family Financial Management of Guangzhou Residents BT - Proceedings of the 2020 9th International Conference on Applied Science, Engineering and Technology (ICASET 2020) PB - Atlantis Press SP - 109 EP - 128 SN - 2352-5401 UR - https://doi.org/10.2991/aer.k.201203.022 DO - 10.2991/aer.k.201203.022 ID - Zhang2020 ER -