Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

The Relationship Between Individuals’ Expenditure and the Happiness Index Level in China

Authors
Rongxin Hua1, *
1The High School Affiliated to Renmin University Chaoyang Branch School, Beijing, 100028, China
*Corresponding author. Email: huarongxin@rdcfzcygj.cn
Corresponding Author
Rongxin Hua
Available Online 26 March 2022.
DOI
https://doi.org/10.2991/aebmr.k.220307.223How to use a DOI?
Keywords
“Double-Reduction” Policy; Disposable Income; Happiness Index
Abstract

The GDP per capita and household consumption increased fourfold between 1990 and 2005, and life satisfaction levels plummeted. Also, in 2019, China’s Engel’s Coefficient was 28.2% indicating that China has achieved the “wealthy” level in living standards. However, in the same year, China only ranked 86 out of 156 countries on the UN World Happiness Report placing below Russia and even war-torn Libya. Therefore, this paper will include problems that occurred in the housing, healthcare, and education industry with the analysis of corresponding government policies in raising the residents’ well-being and welfare. The solutions proposed by the government in the three industries have been implemented and have effectively alleviated the problem. However, in some cases, the happiness of residents has not been improved. Therefore, if we want to improve the residents’ happiness index, we need to coordinate in many ways to solve the problem fundamentally.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220307.223How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Rongxin Hua
PY  - 2022
DA  - 2022/03/26
TI  - The Relationship Between Individuals’ Expenditure and the Happiness Index Level in China
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 1353
EP  - 1358
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.223
DO  - https://doi.org/10.2991/aebmr.k.220307.223
ID  - Hua2022
ER  -