Financial literacy of the population: a vector of development
Research Article
How to Cite
Kuznetsov N.G., Samygin S.I., Bokhan K.A. Financial literacy of the population: a vector of development. Humanities of the South of Russia. 2024. Vol. 13. No. 5. P. 77-91. DOI: https://doi.org/10.18522/2227-8656.2024.5.6 (in Russ.).
Abstract
Objective of the research is to consider the tasks of increasing the financial literacy of the population, as well as the models of financial behavior of the population of the Russian Federation.
The methodological basis of the research was the analysis of the NAFI and FOM reports, which allowed us to identify recommendations for each of the population groups under consideration to improve their level of financial literacy. It is worth noting that the simple survey method has lost its relevance today. The study analyzed the financial literacy index in different years, and also defined specific values that reflect the dynamics of changes in the financial literacy index, which allows us to interpret the results as accurately as possible. The social aspect of the scientific work is determined in the analysis of testing data for the population of the Russian Federation to determine knowledge in the field of financial literacy.
Results of the study. Based on the results of the study, practical recommendations for improving the existing state strategy for increasing the financial literacy of the population of the Russian Federation were identified and designated. Also, schemes that are often used by fraudsters were considered and practical methods for dealing with them were determined.
Prospects of the study the obtained results allow us to optimize the existing strategy for improving the financial literacy of the population.
Keywords:
financial literacy, financial behavior model, financial literacy index, financial services, financial risks
References
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Vershinina N. A. Increasing the level of financial literacy of the population as an element of the system of ensuring financial security of the state. Vestnik Moskovskogo finansovo-yuridicheskogo universiteta MFYUA = Bulletin of the Moscow University of Finance and Law MFUA. 2017; 1: 258-267 (In Russ.).
Kinzyabulatova M. N. Study of the level of financial literacy of the population and development of an interactive form of teaching financial literacy. Sovremennyye vyzovy i trendy v povyshenii finansovoy gramotnosti i zashchity prav potrebiteley finansovykh uslug: materialy IX Vserossiyskoy nauchno-prakticheskoy konferentsii, posvyashchennoy 90-letiyu Instituta razvitiya obrazovaniya Respubliki Bashkortostan, Ufa, 28 oktyabrya 2022 goda. V 2 tomakh. Ufa: OOO “Pervaya tipografiya” = Modern challenges and trends in improving financial literacy and protecting the rights of consumers of financial services: materials of the IX All-Russian scientific and practical conference dedicated to the 90th anniversary of the Institute for Education Development of the Republic of Bashkortostan, Ufa, October 28, 2022. In 2 volumes. Ufa: LLC “First Printing House”. 2022; 245-247 (In Russ.).
Kuznetsov N. G. Mechanisms for Reducing the Poverty Level of the Population of Russia. Statistika v sovremennom mire: metody, modeli, instrumenty: materialy mezhdunarodnoy nauchno-prakticheskoy konferentsii, posvyashchennoy 120-letiyu so dnya rozhdeniya A. I. Gozulova, Rostov-na-Donu, 26 sentyabrya 2012 goda. Rostov-na-Donu: Rostovskiy gosudarstvennyy ekonomicheskiy universitet “RINKH” = Statistics in the Modern World: Methods, Models, Tools: Proceedings of the International Scientific and Practical Conference Dedicated to the 120th Anniversary of the Birth of A. I. Gozulov, Rostov-on-Don, September 26, 2012. Rostov-on-Don: Rostov State University of Economics “RINH”. 2012: 51-54 (In Russ.).
Kuznetsov N. G. Financial Security of the Russian Federation: Risks and Challenges in Modern Realities. Finansovyye issledovaniya = Financial Research. 2023; 1 (78). 27-35. DOI 10.54220/finis.1991-0525.2023.78.1.002 (In Russ.).
Beranova M., Severova L. Economic aspects of financial literacy in the context of sustainable management. Terra Economicus. 2022; 20 (2): 147-159. DOI 10.18522/2073-6606-2022-20-2-147-159.
Mukhtarov I. S. The Role of Financial Education in Promoting Financial Literacy and Reducing Income Inequality. Economics and entrepreneurship. 2023; 8(157): 153-158. DOI 10.34925/EIP.2023.157.8.023.
Razumovskiy D Yu. Trigger effect of the level of financial literacy optimization of financial resources of households. Economics and management of management systems. 2020; 3(37): 44-51.
Article
Received: 26.08.2024
Accepted: 26.10.2024
Citation Formats
Other cite formats:
APA
Kuznetsov, N. G., Samygin, S. I., & Bokhan, K. A. (2024). Financial literacy of the population: a vector of development. Humanities of the South of Russia, 13(5), 77-91. https://doi.org/10.18522/2227-8656.2024.5.6
Section
MODERN RUSSIAN SOCIETY
