我国家庭债务问题的研究综述

A review of studies on China’s household debt issues

2017年中国社科院国家金融与发展中心发布的“三季度中国去杠杆进程报告”显示,我国居民部门的杠杆率从2017年第二季度的47.4%增长到第三季度的48.6%,增加了1.3个百分点,2017年前三个季度共增长了3.8个百分点,这些数据表明我国家庭债务的规模在持续增长。虽然适当债务可以平滑消费和刺激内需,但过高的家庭财务杠杆不仅会使家庭的消费能力下降,还会从微观角度影响金融的稳定。对家庭债务问题的研究进行一次系统的梳理,有利于厘清相关问题研究的内容、范畴和方向,为下一步深入研究提供一些有益的建议。

“China's Deleveraging Process Report in the Third Quarter”released by the National Finance and Development Center of the Chinese Academy of Social Sciences in 2017 showed that the leverage ratio of the resident sector in China increased from 47.4%in the second quarter of 2017 to 48.6%in the third quarter,which increased 1.3 percentage points,a total increase of 3.8 percentage in the first three quarters of 2017,These data show that the size of China's household debt continues to grow.Appropriate debt can smooth consumption,stimulate domestic demand,and facilitate economic development,however,excessively high household financial leverage will not only reduce the household's spending power,but also affect the financial stability of the society from a micro perspective.A systematic review of the research on household debt issues will help clarify the content,scope,methods,and direction of research on related issues and provide some useful suggestions for further research.