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Financial Behavior of Russian Population under Crisis Phenomena

Financial Behavior of Russian Population under Crisis Phenomena

Krasovskaya Nadezhda, Danilova Elena, Zamuraeva Larisa
Copyright: © 2021 |Pages: 23
ISBN13: 9781799880493|ISBN10: 1799880494|EISBN13: 9781799881018
DOI: 10.4018/978-1-7998-8049-3.ch010
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MLA

Nadezhda, Krasovskaya, et al. "Financial Behavior of Russian Population under Crisis Phenomena." Research Anthology on Personal Finance and Improving Financial Literacy, edited by Information Resources Management Association, IGI Global, 2021, pp. 151-173. https://doi.org/10.4018/978-1-7998-8049-3.ch010

APA

Nadezhda, K., Elena, D., & Larisa, Z. (2021). Financial Behavior of Russian Population under Crisis Phenomena. In I. Management Association (Ed.), Research Anthology on Personal Finance and Improving Financial Literacy (pp. 151-173). IGI Global. https://doi.org/10.4018/978-1-7998-8049-3.ch010

Chicago

Nadezhda, Krasovskaya, Danilova Elena, and Zamuraeva Larisa. "Financial Behavior of Russian Population under Crisis Phenomena." In Research Anthology on Personal Finance and Improving Financial Literacy, edited by Information Resources Management Association, 151-173. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-8049-3.ch010

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Abstract

Basing on the analysis of contemporary literature sources, the category “financial behavior of population” is defined. Analysis of the factors influencing financial behavior of households under the conditions of ongoing crisis is carried out. Our quantitative study was carried out to identify the motives behind the financial strategy and the reasons limiting the financial behavior of population. Trends in the use of monetary incomes by population have been revealed, dynamics of the structure and the volume of savings has been shown. Transformations of financial strategies of households during the crisis are also demonstrated. A typology of households was developed according to the criterion of money management depending on sociodemographic characteristics, taking into account the age of the respondents, their financial standing and also their lifestyle. The purpose of this study is to determine the contents, the structure, characteristics, dynamics and other factors of financial behavior of a mass actor on the example of the Tyumen region.

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