Subject The article investigates factors impacting the savings behavior of Russian households. Objectives The study aims to create a unique classification of factors influencing the savings behavior of Russian households. Methods I performed a comparative analysis of theoretical and empirical studies published in the Russian economic literature over the past twenty years on the problem of determining the factors impacting the savings decisions of Russian household members. Results I present an original classification of factors impacting the savings decisions of households based on the systems approach. The classification includes internal and external factors. The former impact on income and property, consumer, social status, entrepreneurial, cultural and educational, and psychological factors that depend on internal potential of households. The latter include financial, economic, institutional, socio-political, legal, demographic, environmental, and natural resource factors, i.e. those that are not dependent on the will of households, but have a significant impact on savings decisions of household members. Conclusions The unique classification may help further studies on assessing the savings potential of households. Legislative and executive authorities may use it to model effective mechanisms to boost household savings decisions and use savings as the most significant source of national investment.
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