The main goal of this paper is to address the issues ofdefining and measuring the concept of ‘financial literacy’in all-Russian surveys as well as to reveal the changes inthe level of financial literacy of Russians during the pe-riod of 2008-2010. The main finding of these surveys is that the level offinancial literacy of Russians is low. During the crisis itstarted grow...

Financial literacy is very important element of everybody’s life. Papers and studies usually focus on general public or lower-educated group of people but we think that university educated people should not be out of scope of work done in the field of financial literacy. Our hypothesis in this article is that citizens with university education or university students may be a source of finance k...

This paper undertakes an assessment of a rapidly growing body of economic research on financial literacy. We start with an overview of theoretical research which casts financial knowledge as a form of investment in human capital. Endogenizing financial knowledge has important implications for welfare as well as policies intended to enhance levels of financial knowledge in the larger population....

Knowledge of financial management is important in life so that everything planned can follow the schedule. With knowledge management, related to finance needs be arranged ensure long term avoid pitfalls. Financial literacy plays an role managing expenses they controlled according plan. enhance ability producing individuals who wisely plan financially every aspect life. The objectives study are ...

In an increasingly risky and globalized marketplace, people must be able to make well-informed financial decisions. Yet new international research demonstrates that financial illiteracy is widespread when financial markets are well developed as in Germany, the Netherlands, Sweden, Japan, Italy, New Zealand, and the United States, or when they are changing rapidly as in Russia. Further, across t...