Social Risks of Consumer Credit Students

Abstract

The financial and economic sphere is very rich in all sorts of social risks since money in modern realities is one of the essential benefits for healthy existence. In this regard, significant scientific and practical importance is the study of the process of management of social risks of consumer lending to students, as well as influencing factors. The study of these issues will help to assist in minimising the risks of consumer lending, as well as to develop a strategy for introducing changes in the process of informing and issuing loans to students. The article presents the results of the author’s empirical study of social risks of consumer lending to students. We considered the categories of risk experience and risk perception of consumer lending from students. According to the results of the study, we concluded that the riskiest types of consumer financing are loans for individual entrepreneurship and operating costs. We also found that it is necessary to make all possible efforts to protect young people from risky situations and develop a program to prepare children for adulthood, forming cultural values in the early stages of adulthood.