Influence of social and demographic aspects on increase of financial literacy of the population in Russia and China

1st International Geographical Conference of North Asian Countries "China-Mongolia-Russia Economic Corridor: Geographical and Environmental Factors and Territorial Development Opportunities"

地球科学;生态环境科学;经济学

Klepikova, Tatiana^1

Irkutsk National Research Technical University, Irkutsk, Russia^1

关键词: Adult populations;    Chinese educations;    Comparative analysis;    Financial education;    Financial literacy;    International students;    Investment projects;    Market development;   

Others  :  https://iopscience.iop.org/article/10.1088/1755-1315/190/1/012011/pdf
DOI  :  10.1088/1755-1315/190/1/012011

学科分类：环境科学（综合）

来源: IOP

【 摘 要 】

The development of financial literacy in a population helps to manage personal finances, as well as helps to shape the development of financial markets by attracting the public to participate in investment projects. Russia and China belong to a group of states characterized by the initialization of financial education programs for their respective populations. A comparative analysis of the financial literacy level, taking into account financial models of market development, shows China to have an advantage over Russia. The latest prediction models in the field of financial education indicated that China would rise high in the rating on the level of financial literacy of adult population among the G-20 countries. According to results of studies on financial literacy levels of 15-year-olds, conducted in the framework of the Program for International Student Assessment (PISA), Chinese teenagers were shown to be the most knowledgeable due to innovations in Chinese education. The experience of countries leading in the field of financial education of young people is being used to introduce programs in Russia. Target indicators of effectiveness of the financial knowledge of a population should include parameters that take into account both level of financial literacy and changes in people's behavior.