Abstract

The article describes what indicators of the condition of society are used in Russia and abroad. Publications in which happiness, subjective economic well-being, life satisfaction, subjective quality of life and others are considered in this capacity, are reviewed. The question of the role of personality traits in assessing the situation in the country is raised, as well as the impact of these assessments on the economic behaviour of citizens. The results of the empirical study of 260 subjects using questionnaires, which include questions about the political, psychological, social, economic situation in the country, economic behaviour and psycho-diagnostic tests, are presented. The interrelations of assessments of the political and psychological situation in the country with personal traits and debt behaviour are revealed. Extraversion and openness to experience are negatively, and conscientiousness is positively interconnected with positive assessments of the state of the Russian society. The differences in assessments of the state of the Russian society among respondents with different investment preferences are described.

Highlights

  • The most detailed analysis of indicators of well-being and quality of life is given in Aisyah Abu Bakar et al (2016): the article summarizes the data of The Malaysia Quality of Life Reports (MQLI) published in 1999, 2002, 2004 and 2011

  • As types of economic behaviour, we considered debt behaviour that we have already analyzed in previous papers (Gagarina & Shantseva, 2017; Smurygina & Gagarina, 2016) and investment behaviour, by sampling individuals investing in securities and those who invest in crypto-currency and mining equipment

  • Personality traits are important in shaping the representations of the situation in Russia

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Summary

Introduction

The most detailed analysis of indicators of well-being and quality of life is given in Aisyah Abu Bakar et al (2016): the article summarizes the data of The Malaysia Quality of Life Reports (MQLI) published in 1999, 2002, 2004 and 2011. The question “How do Russians assess the situation in their country?” seems relevant, especially in the context of its relationship with economic behaviour. We will try to describe how Russians evaluate the socio-psychological and political situation in Russia and how these assessments are related to their personal characteristics and economic behaviour. Uncertainty about future events is associated with individuals with financial risks, and the prospect of not being able to pay off the debts is frightening, up to suicidal attempts. This causes people to develop savings plans and overcome their desire to spend money as soon as they do. The higher socio-psychological and political instability in the country is, the higher the belief in accidental enrichment and gambling

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