Benchmarking of modern practices of improving financial literacy of citizens of pre-retirement age

Abstract

The social and economic development of the country directly depends on the level of financial literacy of the population. The general picture of the country’s economic development is influenced by the attitude of the population to borrowed funds, the financial responsibility of citizens, and the principles of family budget allocation and the nature of consumer behavior. The low level of knowledge of the population in matters of financial literacy leads to the loss of funds of both individuals and legal entities, as well as to the emergence of panic in the financial services market. Currently, pre-retirees are one of the rather important social groups of the population of the Russian Federation, since most continue their work even after retirement. Pre-retirees make a significant contribution to the development of intellectual potential, are an example for the younger generation. In this regard, there is a need not only for financial education, but also for retraining or professional retraining of the older generation. The purpose of this article is to study modern basic tools for improving financial literacy of pre-retirees and to develop recommendations for people of pre-retirement age on the formation and practical use of skills in the field of financial literacy. The following methods of scientific cognition are used in the work: abstraction, analysis, induction, synthesis. The article substantiates the relevance of the study. The importance of financial literacy for the well-being of people is substantiated. The concept of financial literacy, the characteristics of the main tools for improving the financial literacy of pre-retirees used in practice were given. The experience of organizing programs to improve financial literacy and professional retraining programs for pre-retirees was considered and the recommendations on how people of pre-retirement age to form and practically use skills in the field of financial literacy were given.