Digital Financial Literacy and Credit Card Behavior

What is it about?

This study examined the association between digital financial literacy and purposive credit card behavior with data from the China Household Finance Survey.

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Photo by Avery Evans on Unsplash

Photo by Avery Evans on Unsplash

Why is it important?

Findings show that consumers with high levels of digital financial literacy are more likely to use credit cards for small daily expenditures rather than large, durable goods such as houses and automobiles, which suggests the positive effect of digital financial literacy on consumer financial decision making.