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Centre for Policy on Ageing | |
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| The financial behaviour of older people in the Russian Federation and implications for learning in later life | | Author(s) | Ravil Nasibullin, Liliya Mazitova, Almir Fatikhov |
| Journal title | International Journal of Education and Ageing, vol 3, no 2, October 2013 |
| Publisher | Associaton for Education and Ageing, October 2013 |
| Pages | pp 127-136 |
| Source | www.associationforeducationandageing.org |
| Keywords | Financial services [older people] ; Adult Education ; Russian Federation. |
| Annotation | This article examines the financial behaviour and levels of financial literacy of older people in the Russian Federation. It suggests that many Russian people's understanding of finance is derived from the very different financial culture of the former Soviet Union. The Russian economy, and its financial institutions and processes, have been transformed and are continuing to develop. Many older people do not understand how to function in this context and are disadvantaged in managing what little income or savings they have. The authors describe the attempts of government, financial and public institutions to improve the financial literacy of Russians in general. They observe that older people are not normally the beneficiaries of these attempts. They report on their own survey of financial behaviour in the city of Ufa which showed that age contributed to an uneven use of financial services. Those over 65 largely did not consider themselves to be financially or computer literate and did not have contact with financial institutions. The authors conclude that the situation cannot be left unchanged. They identify a range of learning provision and initiatives for older people which would improve their financial literacy and argue that the active promotion of these is an imperative in the modern Russian state. (JL). |
| Accession Number | CPA-151113202 A |
| Classmark | J: GP: 7ABG |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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