While only 13 percent of Russians consider themselves financially literate, 63 percent believe they have problems creating a budget, saving and spending money. This is shown by the EARNIE study, the results of which were reviewed by socialbites.ca.
Interestingly, the majority of respondents who consider themselves financially illiterate are women (62%).
Only 23% of respondents who plan to master financial literacy tools in the new year responded positively. 69 percent of them are men. But women are less likely to turn to friendship through financial means. Almost 76 percent of those who answered the question negatively were women.
The most popular and used financial literacy tools by respondents include tracking expenses (36%) and early budget planning (31%). Only 19 percent of Russians are in the habit of saving up to 10 percent of their income, but only 5 percent have a safety net.
When asked whether Russians had invested, only 19% responded positively, and 81% had never used this tool.
The most popular assets for investment still include bank deposits (35%), bonds (32%) and stocks (26%). And the popularity of investments in currency (15%) and a relatively new instrument for the market – cryptocurrency (13%) is almost equal. The most disliked assets for investment among Russians are real estate (6%) and mass loans (3%).
At the same time, Russians’ interest in investing in 2024 is less conservative. According to popularity, the top 3 assets Russians would like to invest in this year include cryptocurrencies (25%), stocks (24%) and real estate (22%).
existed before named The basic mistakes parents make while raising their children financially.