本文采用西南财经大学中国家庭金融调查（CHFS）2017年的数据，将家庭资产划分为住房资产与金融资产，并将金融资产划分为风险资产和无风险资产，将家庭消费划分为生存型消费和发展享乐型消费，对中国家庭的资产配置和消费结构进行多元回归分析。实证结果表明：住房资产和金融资产对家庭消费存在财富效应，且金融资产的财富效应更为明显。不同的家庭规模与家庭人口特征也会使得居民的消费偏好产生差异，呈现不同的消费结构。

This paper uses the data from the Southwestern University of Finance and Economics China Household Finance Survey (CHFS) in 2017 to divide household assets into housing assets and financial assets, and divide financial assets into risky assets and risk-free assets, as well as dividing household consumption into subsistence consumption and develop hedonic consumption, to conduct multiple regression analysis on the asset allocation and consumption structure of Chinese households. The empirical results show that: housing assets and financial assets have a wealth effect on household consumption, and the wealth effect of financial assets is more obvious. Different family sizes and family demographic characteristics will also cause differences in residents' consumption preferences and present different consumption structures.