INFLUENCE OF FINANCIAL LITERACY OF THE POPULATION ON THE STRUCTURE OF FINANCIAL RESOURCES OF HOUSEHOLDS
The relevance of the study is to carry out a deep analysis of objective information about the level of financial literacy (FG) of the population in order to identify its impact on the structure of financial resources of households. The study presents the preliminary results of the interim study on assessing the financial literacy of residents of the Ural Federal District based on the analysis of questionnaires. Questionnaires were compiled by the author based on the FG assessment methodology. This methodology is recommended by member countries of the Organization for Economic Cooperation and Development (OECD) and adapted by the Ministry of Finance of the Russian Federation for respondents using income levels as a cate-gorical feature. A structural analysis of sources of income and distribution of financial re-sources of households based on objective materials of the Federal State Statistics Service (FSGS) of the Russian Federation and the analytical center of the National Agency for Finan-cial Research (NAFI) is carried out. The author`s hypothesis about the influence of the level of financial literacy of the population on the structure of financial resources of households was confirmed.
Keywords: financial resources, financial decision-making, households, financial litera-cy, income structure, cost structure.
Highlights:
the structure of income and expenditure parts of household financial resources was an-alyzed; it was concluded that the prevailing trend of autonomous household spending and a growing share of servicing loan obligations continued;
the functional structural model of financial resources of households based on the au-thor`s positioning to use disposable income by the population was presented;
the existence of a relationship between the level of financial literacy of the population and the structure of household financial resources was substantiated.
Denis Yu. Razumovsky, Assistant at the Department of Finance, Money Circulation and Credit, Ural State University of Economics.