Regional Economics: Theory and Practice

Increasing the financial literacy of young people: Problems and prospects

Vol. 16, Iss. 6, JUNE 2018

Received: 9 February 2018

Received in revised form: 12 March 2018

Accepted: 21 March 2018

Available online: 15 June 2018


JEL Classification: A13, E22, E44, F35

Pages: 1041–1051

Danchenko E.A. Rostov State University of Economics (RSUE), Rostov-on-Don, Russian Federation

Shlykova I.A. Arkhangelsk Psychoneurological Boarding School, Stanitsa Arkhangel'skaya, Tikhoretskii District, Krasnodar Krai, Russian Federation

ORCID id: not available

Subject This article explores the issues related to the field of financial awareness of youth in modern society.
Objectives The article aims to study the behavior of young people in the field of financial management, practical skills in making personal budget, analyzing their own income and expenses, etc.
Methods To study the issue, we conducted sociological research and used methods of statistical analysis.
Results The article presents the results of the study of models of financial behavior of different groups of youth in modern society.
Conclusions The article concludes that it is necessary to make maximum efforts to involve young people in active financial life.

Keywords: financial behavior, financial products, financial capability, congenital financial capability, acquired financial capability, rejected financial capability


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