Features of the financial behavior of student youth
Research Article
Acknowledgments
The article was funded by RFBR, project No. 19-010-00716
How to Cite
Rogachev D.Y. Features of the financial behavior of student youth. Population. 2021. Vol. 24. No. 2. P. 41-52. DOI: https://doi.org/10.19181/population.2021.24.2.4 (in Russ.).
Abstract
The article deals with characteristic features of the financial behavior of student youth and factors affecting it. This paper is based on the results of the author's survey that was conducted in the fall of2020and covered 1242students from 17 universities in Russia. It examines the attitude of young people to saving, consumer, and investment behavior. The author sought to finds out whether the consumer preferences of young students are consistent with their financial capabilities, and whether young people are satisfied with realization of their life plans. He analyzes the sources of income of students and the sums which they consider as savings. The problems of financial dependence of the younger generation on the older ones are discussed in this article. The differences in the financial behavior of students financially dependent on parents and those leading an independent way of life are analyzed. The article presents results of the survey of students' financial behavior related both to preservation and accumulation of capital, and to general strategies of saving behavior—saving for purchasing goods, medical treatment and services, education, etc. There are considered financial instruments used or planned to be used by the respondents in case of saving large sums of money. The article shows the differences in investment behavior, in use of financial instruments between independent and financially dependent students. There are examined discrepancies between the consumer preferences and the financial capabilities of student youth. The conducted study allows drawing a conclusion about the influence of family and parents, their attitudes, and views on the financial decisions of students, which are not always rational.
Keywords:
saving behavior, investment behavior, financial behavior, student youth, financial literacy
References
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3. Kozyreva P. M. Finansovoje povedeniye v kontekste sotsial'no-ekonomicheskoy adaptatsii naseleniya (sotsiologicheskiy analiz) [Financial behavior in the context of social and economic adaptation of the population (sociological analysis)]. Sotsiologicheskiye issledovaniya [Sociological Studies]. 2012. No. 7. P. 54-66. (in Russ.)
4. Radaev V. V. Millenialy na ffone predshestvuyushchikh pokoleniy: empiricheskiy analiz [Millennials compared to previous generations: an empirical analysis]. Sotsiologicheskiye issledovaniya [Sociological Studies]. 2018. No. 3. P. 15-33. DOI: 10.7868/S0132162518030029. (in Russ.)
5. Kroshilin S. V., Medvedeva E. I. Semeinyye ustanovki rossiiskogo naseleniya [Family attitudes of the Russian population]. Proceedings of the II Russian Demographic Forum with International Participation. Eds. S. V. Ryazantsev, T. K. Rostovskaya. Moscow. 4-5 December 2020. P. 118-120. (in Russ.)
6. Medvedeva E. I., Yarasheva A. V., et al. Finansovyye strategii zhiteley rossiiskikh gorodov [Financial strategies of urbanites in Russia] Natsional'nyye interesy: prioritety i bezopasnost' [National Interests: Priorities and Security]. 2016. No. 3(336). P. 4-14. (in Russ.)
7. Aleksandrova O. A., Borkovskaya E. I. «Kupit' nel'zya arendovat'»: Kuda postavit zapyatuyu Stolichnaya molodezh'? [«Buy or Rent»: What Do Metropolitan Youth Choose.] Gumanitarnyye nauki. Vestnik Finansovogo universiteta. [Humanities and Social Sciences. Bulletin of the Financial University] 2019. Vol. 9. No. 5(41). P. 97-105. DOI: 10.26794/2226-7867-2019-9-5-97-105. (in Russ.)
8. Malkina M. Yu., Rogachev D. Yu. Vliyaniye lichnostnykh kharakteristik na finansovoye povedeniye molodezhi [Influence of personal characteristics on the financial behavior of youth]. Zhurnal institutsional'nykh issledovaniy [Journal of Institutional Studies]. 2019. Vol. 11. No. 3. P. 135-152. DOI: 10.17835/2076-6297.2019.11.3.135-152 (in Russ.)
9. Drobysheva T. V. et al. Ekonomicheskaya sotsializatsiya uchashcheisya molodezhi s raznym urovnem ekonomicheskoy mobil'nosti: faktory i mekhanizmy [Economic socialization of students with different levels of economic mobility: factors and mechanisms] Izvestiya Saratovskogo universiteta. Seriya Akmeologiya obrazovaniya. Psikhologiya razvitiya. [Izvestiya of Saratov University. Series: Educational Acmeology. Developmental Psychology]. 2019. Vol. 8. No. 4. P. 341-347. DOI: 10.18500/2304-9790-2019-8-4-341-347. (in Russ.)
10. Vasil'eva T. V. Otnosheniye k zavisimosti ot roditeley v yunosheskom vozraste. [Attitude towards dependence on parents in adolescence]. 2018. Repozitoriy Brestskogo gosudarstvennogo universiteta im. A. S. Pushkina [Repository of Pushkin Brest State University] Available at: http://rep.brsu.by/handle/123456789/2911 (Accessed: 15 January 2021). (in Russ.)
11. Lugovaya N. G., Lugovaya D. E. Finansovaya gramolnost' sredi molodezhi [Youth financial literacy]. Sovremennyye nauchnyye issledovaniya i razrabotki [Modern Research and Developments]. 2018. No. 10(27). P. 518-521. (in Russ.)
12. Shishkin A. N. Ekonomicheskaya kul'tura sem'i kak drayver razvitiya ekonomiki [Economic culture of family as a driver of economic development] Ekonomika i biznes: teoriya i praktika [Economy and Business: Theory and Practice]. 2020. No. 11-3. P. 200-204. DOI: 10.24411/2411-0450-2020-11002. (in Russ.)
13. Zemtsov A. A., Osipova T. Yu. Finansovaya sotsializatsiya v ramkakh predmetnoy sotsializatsii studentov [Financial socialization as a type of subject-specific socialization of young adults]. Problemy uchota i finansov. [Accounting and Finance Issues]. 2017. No. 2(26). P. 22-27. DOI: 10.17223/22229388/26/4. (in Russ.)
14. Grass T. P., Krasheninnikova A. E., Petrishchev V. I. Rol' sem'i v protsesse ekonomicheskoi sotsializatsii podrastayushchikh pokolenii v SShA i Kanade [The role of the family in the process of economic socialization of the younger generations in the USA and Canada]. Russian Journal of Education and Psychology. 2017. Vol. 8. No. 7. P. 130-141. DOI: 10.12731/2218-7405-2017-7-130-141. (in Russ.)
15. Rozmainsky I. V., Tatarkin A. S. Neveriye v budushcheye i «negativnyye investitsii» v kapital zdorov'ya v sovremennoy Rossii [Disbelief in the future and «negative investment» in health capital in contemporary Russia]. Voprosy ekonomiki. [Economic Issues]. 2018. No. 1. P. 128-150. DOI: 10.32609/0042-8736-2018-1-128-150. (in Russ.)
Article
Received: 09.02.2021
Accepted: 15.06.2021
Citation Formats
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APA
Rogachev, D. Y. (2021). Features of the financial behavior of student youth. Population, 24(2), 41-52. https://doi.org/10.19181/population.2021.24.2.4
Section
QUALITY, STANDARDS AND CONDITIONS OF LIFE
