Author(s)

Xu Zihan

Corresponding Author

Xu Zihan

Abstract

This study adopts an empirical approach to analyze the impact of urban residents' income level on their consumption level, and based on this, proposes strategies to improve their consumption level. After research, it has been found that income distribution, social security, consumption environment, and policy precision all have a significant impact on consumption. In this regard, it is necessary to attach importance to reforming income distribution, improving social security, optimizing the consumption environment, and implementing precise policies in order to better promote the improvement of consumption levels. Overall, it is necessary to work together from multiple dimensions and establish a systematic promotion mechanism in order to continuously unleash consumption potential, promote high-quality economic development, and better meet people's aspirations for a better life.

Keywords

Urban Residents; Income Level; Consumption Level; Effect