Why the Russians do not consider how much money you spend and earn
The majority of the population consider themselves financially illiterate. People do not even notice how much they spend. But know how to live within your means.
The study of the Higher school of Economics (HSE) “Rules of the game. What do we know about financial literacy” examines the following questions:
- Know how to handle money?
- Whether budget or do not notice how and where you spend?
- You know, where the government gives guarantees or not?
The study’s author, Professor of Economics Olga Kuzina, identifies five of our harmful and beneficial financial habits, explains why this is so. And tells how some of the sustainable habits has varied over the past ten years.
The fact that the first. Russians consider themselves financially illiterate
Almost every second Russian believes their level of financial literacy is unsatisfactory.
The respondents answered the question “do you Consider yourself a financially literate person?” exposing yourself points from 1 to 5, like at school, where 1 is complete absence of knowledge and an excellent understanding of the subject.
19% of respondents evaluated their knowledge on the unit, and 27% — on the deuce. Most — 41% — believes that he knows more about personal Finance on the three. “B” consider themselves to be 12%. And only 1% of respondents said that perfectly understand how to handle money.
Over the last ten years “Threeness” became more noticeable. Ten years ago 7% less of Russians said their knowledge is “satisfactory”. And the “ones” and “fives” was eliminated by 1%. “Losers” were 3% more. “Horoshist” — on 2% less. This implies that financial literacy of the population is a little older.The fact of the second. Not everyone knows what deposits are protected by the state
“Russia has a state system of insurance savings. People compensate their losses in some cases. What exactly is covered by these safeguards?” — a question the researchers asked the respondents.