Management of citizens savings accounting the financial literacy factor under digitalization

The favorable development of the country’s economy depends on the correct distribution of its resources, meanwhile, the higher the return on capital ratio, taking into account all existing risks, the more promising economic development in the long term. Financial literacy of Russian citizens is an i...

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Autores principales:	N. N. Zinevich, I. V. Indychenko
Formato:	article
Lenguaje:	RU
Publicado:	State University of Management 2020
Materias:	financial literacy savings income expenses population life cycle saving behavior digitalization financial market financial products and services financial solutions households family budget Electronics TK7800-8360 Management information systems T58.6-58.62
Acceso en línea:	https://doaj.org/article/8d4f7cd8d74844acb9d82862852a5bd7
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spelling	oai:doaj.org-article:8d4f7cd8d74844acb9d82862852a5bd72021-11-14T15:54:16ZManagement of citizens savings accounting the financial literacy factor under digitalization2658-34452686-840710.26425/2658-3445-2019-4-92-100https://doaj.org/article/8d4f7cd8d74844acb9d82862852a5bd72020-02-01T00:00:00Zhttps://e-management.guu.ru/jour/article/view/79https://doaj.org/toc/2658-3445https://doaj.org/toc/2686-8407The favorable development of the country’s economy depends on the correct distribution of its resources, meanwhile, the higher the return on capital ratio, taking into account all existing risks, the more promising economic development in the long term. Financial literacy of Russian citizens is an important aspect of the financial market and the financial system as a whole, which affects the distribution of resources in the country. The purpose of the study is to establish the relationship between financial literacy and savings in the conditions of digitalization.The main resource possessed by the population are their savings. In a market economy, there is a wide variety of savings and investment opportunities, while it is quite difficult for an individual who does not have a sufficient level of knowledge in the field of finance to make the right decision about the storage and distribution of his temporarily free cash. This can lead to excessive accounts payable, fraud, dependence on the crisis in the country, and as a result – to the loss of part of the accumulated funds. Recently, one can notice a growth trend in cash incomes and savings of the population, as well as an expanding market for financial products and services, which increases personal responsibility for financial decisions made by an individual.In this regard, the problem of increasing financial literacy is facing the state quite acutely, because economic growth, investment attractiveness, development of the financial market, stability of the financial system and increasing the competitiveness of the Russian economy depend on it.N. N. ZinevichI. V. IndychenkoState University of Managementarticlefinancial literacysavingsincomeexpensespopulation life cyclesaving behaviordigitalizationfinancial marketfinancial products and servicesfinancial solutionshouseholdsfamily budgetElectronicsTK7800-8360Management information systemsT58.6-58.62RUE-Management, Vol 2, Iss 4, Pp 92-100 (2020)
institution	DOAJ
collection	DOAJ
language	RU
topic	financial literacy savings income expenses population life cycle saving behavior digitalization financial market financial products and services financial solutions households family budget Electronics TK7800-8360 Management information systems T58.6-58.62
spellingShingle	financial literacy savings income expenses population life cycle saving behavior digitalization financial market financial products and services financial solutions households family budget Electronics TK7800-8360 Management information systems T58.6-58.62 N. N. Zinevich I. V. Indychenko Management of citizens savings accounting the financial literacy factor under digitalization
description	The favorable development of the country’s economy depends on the correct distribution of its resources, meanwhile, the higher the return on capital ratio, taking into account all existing risks, the more promising economic development in the long term. Financial literacy of Russian citizens is an important aspect of the financial market and the financial system as a whole, which affects the distribution of resources in the country. The purpose of the study is to establish the relationship between financial literacy and savings in the conditions of digitalization.The main resource possessed by the population are their savings. In a market economy, there is a wide variety of savings and investment opportunities, while it is quite difficult for an individual who does not have a sufficient level of knowledge in the field of finance to make the right decision about the storage and distribution of his temporarily free cash. This can lead to excessive accounts payable, fraud, dependence on the crisis in the country, and as a result – to the loss of part of the accumulated funds. Recently, one can notice a growth trend in cash incomes and savings of the population, as well as an expanding market for financial products and services, which increases personal responsibility for financial decisions made by an individual.In this regard, the problem of increasing financial literacy is facing the state quite acutely, because economic growth, investment attractiveness, development of the financial market, stability of the financial system and increasing the competitiveness of the Russian economy depend on it.
format	article
author	N. N. Zinevich I. V. Indychenko
author_facet	N. N. Zinevich I. V. Indychenko
author_sort	N. N. Zinevich
title	Management of citizens savings accounting the financial literacy factor under digitalization
title_short	Management of citizens savings accounting the financial literacy factor under digitalization
title_full	Management of citizens savings accounting the financial literacy factor under digitalization
title_fullStr	Management of citizens savings accounting the financial literacy factor under digitalization
title_full_unstemmed	Management of citizens savings accounting the financial literacy factor under digitalization
title_sort	management of citizens savings accounting the financial literacy factor under digitalization
publisher	State University of Management
publishDate	2020
url	https://doaj.org/article/8d4f7cd8d74844acb9d82862852a5bd7
work_keys_str_mv	AT nnzinevich managementofcitizenssavingsaccountingthefinancialliteracyfactorunderdigitalization AT ivindychenko managementofcitizenssavingsaccountingthefinancialliteracyfactorunderdigitalization
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Management of citizens savings accounting the financial literacy factor under digitalization

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