on average, when job loss savings of Russians will be enough for 63 days. The residents of Moscow and St.-Petersburg savings much more: they have on average 83 days to find a new source of income. To such conclusion Analytical center NAFI. In the framework of the project of the Ministry of Finance carried out an extensive study (85 thousand respondents) the level of financial literacy of the population in each of the 85 regions of the Russian Federation.
the Availability of savings is one of the indicators of financial literacy. According to ASV, the average size of the contribution of individuals (no bills to thousands of rubles) April 1, 2020 amounted to 183 thousand. However, on the part of citizens savings not at all, others do not trust their banks.
Analysts made a portrait of a financially literate person: is an active user of financial services working family man with one child or two children.
the Level of financial literacy of Russians for the year slightly increased and according to the methodology of the OECD amounted to 12.37 points on a scale from 1 to 21 (in 2018 12.12 points). This figure from investors and users of insurance products are above average, and the MFI borrowers/pawn shops and people who not using financial products – below average.
Women are slightly more financially literate than men. About 40 years the gender differences in this area are almost imperceptible, but then the superiority of women becomes pronounced. NAFI explains this greater involvement of women in planning regular expenses of the family, the search for the source of subsistence for dependents, etc. While men are better than women understand basic properties of financial products (e.g. deposits and loans), inflation, and the relationship of risk and return. With age, the drop in the level of financial literacy in women is not so sharp as those of men.
a Third of respondents (34%) are unable to correctly specify the relationship between high yield and high risk investments. Every third card (31%) have encountered a fraud. Most scammers tried to read the data card or to transfer money to dummy accounts. Four percent of card holders admitted that they suffered financial losses as a result of fraud.
