Improving the level of financial literacy among older people: problems and prospects for development

Elderly people often become victims of various fraudulent schemes that bring them material and often psychological harm. This circumstance leads to a decrease in the level of material security of the most aged category of citizens, and also worsens the general opinion about modern financial institutions. All of the above negatively affects the financial system. It is necessary to stop this trend as far as possible. This article outlines the most general features of the psychology of the older generation, the main scheme of fraud, ways to prevent them, as well as the author's ideas for introducing older people into the financial system.