Almost half of Russians (46%) lack of knowledge in the financial sector. While the proportion of those who put up a “unit” (there is no knowledge at all), increased from 16% to 20%, reports TASS with reference to new results of the annual Monitoring of financial behaviour and trust of the population to financial institutions, widespread by the press service of the HSE. The survey involved 1,600 respondents older than 18 years.
According to the monitoring, in Russia financial literacy in the greater degree people with high income at age 36-45 years of age, College graduates, and residents of large cities (with population from 500 thousand).
They also found that 50-76% of respondents (depending on issues) know what profit they will receive from deposits in the Bank for a specified period under a certain percentage, will adjust as income inflation, how not to lose a discount on sales etc.
And, for example, to deal with simple and complex Bank interest capable 45% of Russians. About the same versed in Hungary (46%) and Germany (47%), less – in the UK, the Czech Republic, Poland (37%, 32%, 27%).
However, as noted by the study’s author, senior researcher, Laboratory for studies in economic sociology, HSE Olga Kuzina, the ability to consider the interest of the General picture of financial literacy does not.
The same study showed that more than half of Russian citizens do not provide a written accounting of income and expenses of the family budget, almost one in ten it is not known how much money was received and spent during the month.
More than half (51%) do not understand the peculiarities of the state system of insurance of deposits (in October 2015 – 46%), few understand the relationship between risk and return (for the year 2016 29% against 20% in 2012). Their number in the past five years has grown, however, the end of 2016 is not encouraging, with 29% (2012 – 20%).
Almost every tenth signing of financial contracts relies on chance, that is, signs without reading (9%), a quarter (26%) reads, but puts his signature regardless of the understanding of reading, said were counseled in 2016 to 35%.