“Live and learn”: conceptual discourse on people's financial literacy

Автор: Belekhova Galina V., Kalachikova Olga N.

Журнал: Economic and Social Changes: Facts, Trends, Forecast @volnc-esc-en

Статья в выпуске: 6 (60) т.11, 2018 года.

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In modern social reality, well-being of individuals, including their financial well-being, is increasingly becoming a zone of personal responsibility. At the same time, in the Russian context, the majority of people remain almost entirely dependent on wages as the only source of income. This fact, along with a low level of financial literacy, is an actual risk for individuals and the financial system of the country. Consequently, the importance of adequate financial knowledge, skills and actions within the financial education and training system is increasing. This brings to the fore the task of revealing “weak spots” in financial literacy and identifying vulnerable population groups so as to develop effective management decisions; this can be done with the help of well-elaborated tools used to study financial literacy. The goal of our paper is to carry out critical analysis of available theoretical and methodological approaches to the study of people's financial literacy...

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Financial literacy, financial knowledge, financial skills, monetary attitudes, sociological tools, international experience in assessing financial literacy

Короткий адрес: https://sciup.org/147224107

IDR: 147224107 | DOI: 10.15838/esc.2018.6.60.9

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