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<p>Credit cards, as an effective instrument to address household economic risks, play an important role in household economic behavior and decision-making. This paper is based on data from the 2015–2021 China Household Finance Survey (CHFS) and investigates the impact of credit card usage on household financial vulnerability. The research results indicate that the use of credit cards significantly reduces household financial vulnerability, which is achieved by alleviating risks of income, unemployment, and health. Heterogeneity analysis shows that the impact of using credit cards is more pronounced for households with lower education levels, those without any members working in the public sector, and those without critical illness insurance. Furthermore, the use of credit cards can alleviate the negative impacts of natural disasters and critical illnesses on household finances, greatly enhancing the ability of households to withstand risks.</p>

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Credit Cards, Risk Coping and Household Financial Vulnerability

  • 期刊论文

  • 发表日期：

    2025年1月3日

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  • Yingfeng Yu,
  • Jiayi Liu,
  • Rundong Guo

摘要

Credit cards, as an effective instrument to address household economic risks, play an important role in household economic behavior and decision-making. This paper is based on data from the 2015–2021 China Household Finance Survey (CHFS) and investigates the impact of credit card usage on household financial vulnerability. The research results indicate that the use of credit cards significantly reduces household financial vulnerability, which is achieved by alleviating risks of income, unemployment, and health. Heterogeneity analysis shows that the impact of using credit cards is more pronounced for households with lower education levels, those without any members working in the public sector, and those without critical illness insurance. Furthermore, the use of credit cards can alleviate the negative impacts of natural disasters and critical illnesses on household finances, greatly enhancing the ability of households to withstand risks.