Monetary attitudes of young people in conditions of socioeconomic instability

In modern society, the younger generation is one of the most creative and active parts of its functioning. The constantly changing monetary attitudes of young people act as a driving force that affects the level of competitiveness and dynamic development of the socio-economic sphere. The attitudes of young people towards money and its management determine the vector in the formation of both an economically strong, politically stable state and an entire society. A stable set of attitudes is determined by the attitude to money, preferences in its management, goals, and strategies in the formation of various types of financial behavior, ways to achieve material well-being, orientation to economic values, and other important components. In this article, the author presents partial results of a large-scale study on the behavior of young people in the financial market, which reflect the monetary attitudes of young Muscovites that determine behavior in various areas of financial life: the desire to improve well-being, goals, and methods of achieving financial well-being, attitude to money and ways of managing it, attitude to savings and savings instruments, the investment potential of young people, as well as plans for the use of investment instruments. As a result of the conducted research, the following was revealed: the majority of respondents are characterized by a critical attitude to monetary transactions and financial institutions, lack of inclination to excessive spending, and risky investment. The desire of young people to accumulate and find ways to increase capital indicates far-sightedness, and preferences in financial instruments with the lowest share of risk, indicates caution in matters of capital management. This is an active, not afraid of the new, generation of Muscovites, showing a desire and interest in new forms of financial relationships, young people who form trends, young people whose attitudes, needs, and behavior need to be constantly studied by all participants of the financial eco-system.