FINANCIAL LITERACY AS A FACTOR IN IMPROVING THE WELL–BEING OF THE POPULATION - A REGIONAL ASPECT

Abstract

<em>The article is devoted to the study of the population's financial literacy as the basis of family well-being. In modern conditions of the expansion of the use of financial services, the complexity, and the emergence of new and difficult-to-understand financial instruments, the issues of financial literacy of the population have become extremely relevant for most countries of the world. Ensuring personal financial security is becoming an important factor in people's economic well-being. The paper studies and summarizes the essence of the concept of financial literacy, highlights the main features of a financially literate person and identifies and considers the main components of financial literacy. It is shown that the role of financial literacy in Russia is sufficiently large and raising its level among citizens is an important task facing the state, the solution of which is very important both for the state and for the economy and citizens. Indicators of the level of financial literacy of the population of the Russian Federation, the dynamics of changes in the level of financial literacy of the population, and the dependence of the level of financial literacy on age have been examined and analyzed in the research.</em>