Developing the methods to assess financial literacy of the population of Russia under digitalization
| Autor: | Tatiana Yu. OSIPOVA, Mariya Yu. ZAGUZINA |
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| Rok vydání: | 2023 |
| Zdroj: | Finance and Credit. 29:38-59 |
| ISSN: | 2311-8709 2071-4688 |
| DOI: | 10.24891/fc.29.1.38 |
| Popis: | Subject. The article explores methods to assess the level of financial literacy of the population. Objectives. The focus is on the analysis of existing methods, their updating in conditions of digital technologies introduction in the financial sector. Methods. We identified criteria for assessing financial literacy through the review of regulatory and methodological materials of the Bank of Russia and NAFI. The statistical analysis of data of the said organizations and Russian Ministry of Internal Affairs showed the need to supplement the set of criteria that form the basis of the methods. Results. We revealed changes in the financial market, relating to transactions of individuals; systematized methods of financial literacy used by NAFI, the Bank of Russia, and the Ministry of Finance; unveiled problems of development of financial services for individuals under digitalization, and supplemented the list of criteria for assessing the financial literacy of the population. These criteria can be included in the methods used by the Bank of Russia and NAFI. Conclusions. The population has become a more active user of financial products, including investments. However, the financial knowledge and competence are not sufficient. Meanwhile, the transition to the digital environment of obtaining financial products and services caused an increase in the level of fraud in the financial sector. These changes should be reflected in the new criteria for assessing the financial awareness of the country’s population. |
| Databáze: | OpenAIRE |
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