Features of credit behavior of Russian youth: trends and risks
Research Article
How to Cite
Yarasheva A.V., Alikperova N.V., Markov D.I. Features of credit behavior of Russian youth: trends and risks. Population. 2023. Vol. 26. No. 3. P. 170-182. DOI: https://doi.org/10.19181/population.2023.26.3.14 (in Russ.).
Abstract
The article discusses the current aspects of the credit behavior of Russians, including changes in the volume of borrowings over the past 4 years, as well as the dynamics of indebtedness, including overdue loans. Based on the results of the author’s sociological research (two measurements — in 2022 and 2023), the features of active actions and attitudes of young people in the field of debt behavior are identified. The analysis showed strengthening of the vector on the willingness to involve this age group of the population in credit practices. There was carried out a comparison of the attitudes of young people regarding the conditions under which evasion of obligations to repay debts is justified: 1) debts to credit institutions; 2) to relatives and acquaintances. The views of Russian youth on the censure for such evasion practices in Russian society are examined. The survey results show that the presence of a loan agreement of respondents contributes to formation of a more responsible behavior regarding compliance with payment deadlines, in contrast to the situation of the absence of debt (only with the intention to enter into debt relations). The position of young people in relation to the violation of loan repayment terms is different in different groups: the youngest respondents (17–20 years old) see more reasons for the possibility of non-repayment of the loan. Among the reasons why it is permissible, in the opinion of young people, not to repay debts, the most compelling for respondents are the situations when the loan was issued by fraudsters without the consent of the person himself (67%), in case of serious health problems and the need to spend on treatment (38%), if the lender increased the interest on the loan unilaterally (34%), in case of job loss (26%). Credit risks typical not only for young people, but also for all age groups of Russians are highlighted: deterioration of the “credit quality” of borrowers and risks of breach of obligations (non-payment and violation of repayment terms) on loans due to a decrease in real income.
Keywords:
credit behavior, loans, credit strategies, youth, financial institutions, financial behavior
References
1. Yarasheva A. V., Makar S. V., Simagin Yu. A. Povedencheskaya ekonomika: naseleniye na rynke kreditnykh uslug [Behavioral economy: population in the credit services market]. Narodonaselenie [Population]. 2020. Vol. 23. No. 3. P. 48–58. DOI: 10.19181/population.2020.23.3.5 (in Russ.)
2. Strebkov D. Osnovnyye tipy i faktory kreditnogo povedeniya naseleniya v sovremennoy Rossii [Basic types and factors of the credit behavior of Russian citizens]. Voprosy Ekonomiki [Economic Issues]. 2004. No. 2. P. 109–128. DOI: 10.32609/0042–8736–2004–2–109–128. (in Russ.)
3. Trop T. I. Denezhnyye dokhody naseleniya kak faktor kreditnogo povedeniya naseleniya [Monetary income as a factor in the credit behavior of population]. Uchenyye zapiski [Scientific Notes]. Issue 19. Ed. O. M. Prokapalo. Khabarovsk. Institut ekonomicheskikh issledovaniy Dal’nevostochnogo otdeleniya RAN [Institute of Economic Studies of the Far Eastern Branch RAS]. 2020. P. 147–163. (in Russ.)
4. Shneiderman I. M., Yarasheva A. V. Kreditnoye povedeniye naseleniya: tendentsii i riski [Population borrowing behavior: trends and risks]. Voprosy statistiki [Statistical Issues]. 2019. No. 26(3). P. 15–22. DOI: 10.34023/2313–6383–2019–26–3–15–22 (in Russ.)
5. Diky A. A. Zhizn’ v kredit: ustanovki i povedencheskiye strategii rossiyan [Life on credit: attitudes and behavioral strategies of the Russians]. Sotsiologicheskiye issledovaniya [Sociological Studies]. 2012. No. 5. P. 134–140. (in Russ.).
6. Alikperova N. V. Monetarnyye ustanovki molodozhi v usloviyakh sotsial’no-ekonomicheskoy nestabil’nosti [Monetary attitudes of young people in conditions of socioeconomic instability]. Uroven’ zhizni naseleniya regionov Rossii [Living Standards of the Population in the Regions of Russia]. 2021. Vol. 17. No.3. P. 472–481. DOI: 10.19181/lsprr.2021.17.3.7 (in Russ.).
7. Alikperova N. V., Markov D. I. Predstavleniya rossijskoj molodozhi ob ekonomicheskoj nravstvennosti [Ideas of Russian youth about economic morality]. Sotsial’noye prostranstvo [Social Area]. 2022. Vol. 8. No. 4. Available at: http://socialarea-journal.ru/article/29474 (Accessed: 20 April 2023). (in Russ.) DOI: 10.15838/sa.2022.4.36.7
8. Markov D. I. O perspektivakh issledovaniya ekonomicheskoy kul’tury rossiyskoy molodozhi [On the prospects for studying the economic culture of Russian youth]. Dokhody, raskhody i sberezheniya naseleniya Rossii: tendentsii i perspektivy [Incomes, Expenditures and Savings of the Russian Population: Trends and Prospects]. Proceedings of the VII international research and practical conference. Moscow, 30 November 2021. Ed. A. V. Yarasheva. Moscow. FNISTs RAN [Federal Center of Theoretical and Applied Sociology RAS]. 2022. P. 126–131. (in Russ.)
9. Aleksandrova O. A., Yarasheva A. V. Vliyaniye ekonomicheskikh ozhidaniy na finansovoye povedeniye rossiyskogo naseleniya [The impact of the economic expectations on financial behavior of the Russian population]. Voprosy statistiki [Statistical Issues]. 2016. No. 5. P. 70–79. (in Russ.)
10. Maslennikov V. V., Larionov A. V. Vliyaniye povedencheskikh tsiklov na ekonomiku [Influence of behavioral cycles on the economy]. Ekonomika. Nalogi. Pravo. [Economics, Taxes and Law]. 2020. No. 2. Р.34–44. (in Russ.). DOI: 10.26794/1999–849X-2020–13–2–34–44 (in Russ.)
11. Petukhov N. A. Zadolzhennost’ naseleniya po kreditam v regionakh Rossiyskoy Federatsii [Public debt under credits in the regions of the Russian Federation]. Vestnik Yuzhno-Ural’skogo gosudarstvennogo universiteta. Seriya: Ekonomika i menedzhment [Bulletin of the South Ural State University. Series: Economics and Management]. 2016. V. 10. No. 1. P. 51–57. (in Russ.)
12. Yarasheva A. V. Dinamika kreditnoy zadolzhennosti rossiyan po makroregionam [Dynamics of Russian credit debt by macroregions]. Dokhody, raskhody i sberezheniya naseleniya Rossii: tendentsii i perspektivy [Incomes, Expenditures and Savings of the Population of Russia: Trends and Prospects]. Proceedings of the IV international research and practical conference (Moscow, 4 December 2018). Eds. A. V. Yarasheva, O. A. Alexandrova, N. V. Alikperova. Moscow. ISEPN RAN [Institute of Socio-Economic Studies of Population RAS]. 2019. P. 165–167. (in Russ.)
13. Gamukin V. V., Miroshnichenko O. S. Vliyaniye srednedushevykh dokhodov na kreditnoye i sberegatel’noye povedeniye naseleniya v Rossii [Influence of the average per capita income on credit and savings behavior of the population in Russia]. Uroven’ zhizni naseleniya regionov Rossii [Living Standards of the Population in the Regions of Russia]. 2021. Vol. 17. No.1. P. 57–66. DOI: 10.19181/lsprr.2021.17.1.5 (in Russ.).
14. Zolotareva K. Yu. Kreditnoye povedeniye molodykh semey v usloviyakh sovremennogo obshchestva [Credit behavior of young families in modern society]. Sovremennoye obshchestvo: voprosy teorii, metodologii, metody sotsial’nykh issledovaniy [Modern Society: Issues of Theory, Methodology, Methods of Social Studies]. 2021. Vol. 1. P. 203–207. (in Russ.)
2. Strebkov D. Osnovnyye tipy i faktory kreditnogo povedeniya naseleniya v sovremennoy Rossii [Basic types and factors of the credit behavior of Russian citizens]. Voprosy Ekonomiki [Economic Issues]. 2004. No. 2. P. 109–128. DOI: 10.32609/0042–8736–2004–2–109–128. (in Russ.)
3. Trop T. I. Denezhnyye dokhody naseleniya kak faktor kreditnogo povedeniya naseleniya [Monetary income as a factor in the credit behavior of population]. Uchenyye zapiski [Scientific Notes]. Issue 19. Ed. O. M. Prokapalo. Khabarovsk. Institut ekonomicheskikh issledovaniy Dal’nevostochnogo otdeleniya RAN [Institute of Economic Studies of the Far Eastern Branch RAS]. 2020. P. 147–163. (in Russ.)
4. Shneiderman I. M., Yarasheva A. V. Kreditnoye povedeniye naseleniya: tendentsii i riski [Population borrowing behavior: trends and risks]. Voprosy statistiki [Statistical Issues]. 2019. No. 26(3). P. 15–22. DOI: 10.34023/2313–6383–2019–26–3–15–22 (in Russ.)
5. Diky A. A. Zhizn’ v kredit: ustanovki i povedencheskiye strategii rossiyan [Life on credit: attitudes and behavioral strategies of the Russians]. Sotsiologicheskiye issledovaniya [Sociological Studies]. 2012. No. 5. P. 134–140. (in Russ.).
6. Alikperova N. V. Monetarnyye ustanovki molodozhi v usloviyakh sotsial’no-ekonomicheskoy nestabil’nosti [Monetary attitudes of young people in conditions of socioeconomic instability]. Uroven’ zhizni naseleniya regionov Rossii [Living Standards of the Population in the Regions of Russia]. 2021. Vol. 17. No.3. P. 472–481. DOI: 10.19181/lsprr.2021.17.3.7 (in Russ.).
7. Alikperova N. V., Markov D. I. Predstavleniya rossijskoj molodozhi ob ekonomicheskoj nravstvennosti [Ideas of Russian youth about economic morality]. Sotsial’noye prostranstvo [Social Area]. 2022. Vol. 8. No. 4. Available at: http://socialarea-journal.ru/article/29474 (Accessed: 20 April 2023). (in Russ.) DOI: 10.15838/sa.2022.4.36.7
8. Markov D. I. O perspektivakh issledovaniya ekonomicheskoy kul’tury rossiyskoy molodozhi [On the prospects for studying the economic culture of Russian youth]. Dokhody, raskhody i sberezheniya naseleniya Rossii: tendentsii i perspektivy [Incomes, Expenditures and Savings of the Russian Population: Trends and Prospects]. Proceedings of the VII international research and practical conference. Moscow, 30 November 2021. Ed. A. V. Yarasheva. Moscow. FNISTs RAN [Federal Center of Theoretical and Applied Sociology RAS]. 2022. P. 126–131. (in Russ.)
9. Aleksandrova O. A., Yarasheva A. V. Vliyaniye ekonomicheskikh ozhidaniy na finansovoye povedeniye rossiyskogo naseleniya [The impact of the economic expectations on financial behavior of the Russian population]. Voprosy statistiki [Statistical Issues]. 2016. No. 5. P. 70–79. (in Russ.)
10. Maslennikov V. V., Larionov A. V. Vliyaniye povedencheskikh tsiklov na ekonomiku [Influence of behavioral cycles on the economy]. Ekonomika. Nalogi. Pravo. [Economics, Taxes and Law]. 2020. No. 2. Р.34–44. (in Russ.). DOI: 10.26794/1999–849X-2020–13–2–34–44 (in Russ.)
11. Petukhov N. A. Zadolzhennost’ naseleniya po kreditam v regionakh Rossiyskoy Federatsii [Public debt under credits in the regions of the Russian Federation]. Vestnik Yuzhno-Ural’skogo gosudarstvennogo universiteta. Seriya: Ekonomika i menedzhment [Bulletin of the South Ural State University. Series: Economics and Management]. 2016. V. 10. No. 1. P. 51–57. (in Russ.)
12. Yarasheva A. V. Dinamika kreditnoy zadolzhennosti rossiyan po makroregionam [Dynamics of Russian credit debt by macroregions]. Dokhody, raskhody i sberezheniya naseleniya Rossii: tendentsii i perspektivy [Incomes, Expenditures and Savings of the Population of Russia: Trends and Prospects]. Proceedings of the IV international research and practical conference (Moscow, 4 December 2018). Eds. A. V. Yarasheva, O. A. Alexandrova, N. V. Alikperova. Moscow. ISEPN RAN [Institute of Socio-Economic Studies of Population RAS]. 2019. P. 165–167. (in Russ.)
13. Gamukin V. V., Miroshnichenko O. S. Vliyaniye srednedushevykh dokhodov na kreditnoye i sberegatel’noye povedeniye naseleniya v Rossii [Influence of the average per capita income on credit and savings behavior of the population in Russia]. Uroven’ zhizni naseleniya regionov Rossii [Living Standards of the Population in the Regions of Russia]. 2021. Vol. 17. No.1. P. 57–66. DOI: 10.19181/lsprr.2021.17.1.5 (in Russ.).
14. Zolotareva K. Yu. Kreditnoye povedeniye molodykh semey v usloviyakh sovremennogo obshchestva [Credit behavior of young families in modern society]. Sovremennoye obshchestvo: voprosy teorii, metodologii, metody sotsial’nykh issledovaniy [Modern Society: Issues of Theory, Methodology, Methods of Social Studies]. 2021. Vol. 1. P. 203–207. (in Russ.)
Article
Received: 03.05.2023
Accepted: 13.09.2023
Citation Formats
Other cite formats:
APA
Yarasheva, A. V., Alikperova, N. V., & Markov, D. I. (2023). Features of credit behavior of Russian youth: trends and risks. Population, 26(3), 170-182. https://doi.org/10.19181/population.2023.26.3.14
Section
ISSUES OF SOCIAL AND FINANCIAL SYSTEMS
