The impact of digital inclusive finance development on reducing economic vulnerability differences among households

With economic transformation, the unbalanced and insufficient development of China’s economy and society is manifested in the increased inequality of economic vulnerability among households. This article establishes a household economic vulnerability model based on the fluctuation of household expected consumption, and uses a fixed effects model to explore the impact of digital inclusive finance on household economic vulnerability inequality. The findings indicate that: Firstly, the development of digital inclusive finance can significantly alleviate the inequality of economic vulnerability among households; Secondly, the development of digital inclusive finance has heterogeneous effects on households with different levels of education and material capital; Thirdly, digital inclusive finance can have a significant impact through two mechanisms: affecting household income and consumption levels. The conclusion of this article serves as a valuable reference for other countries in developing inclusive finance and promoting family welfare.