Regional Differences in Income and Involvement in the Use of DFS as Factors of Influence on the Population Financial Literacy

DOI

10.2991/aebmr.k.200509.013How to use a DOI?

Keywords

financial literacy, household financial resources, digital financial services

Abstract

The article attempts to analyze the impact of regional differences in income and activity of using digital financial services (DFS) on the financial literacy of the population. The authors proceeded from the hypothesis that the effect of concentration of financial activity in large federal centers of the Russian Federation on other territories, in particular, the Sverdlovsk region, is approximated. The main research hypothesis is that the regular and active use of digital financial services is more inherent with people living in large settlements and having a relatively higher income; these two factors have a decisive influence on the level of financial literacy. The use of constantly developing digital financial services in everyday life allows people to visualize the dynamics of their financial capabilities, analyze and adjust the structure of financial resources, which increases financial knowledge and strengthens skills.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Elena Razumovskaya
AU  - Denis Razumovskiy
PY  - 2020
DA  - 2020/05/12
TI  - Regional Differences in Income and Involvement in the Use of DFS as Factors of Influence on the Population Financial Literacy
BT  - Proceedings of the International Conference on Economics, Management and Technologies 2020 (ICEMT 2020)
PB  - Atlantis Press
SP  - 64
EP  - 70
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200509.013
DO  - 10.2991/aebmr.k.200509.013
ID  - Razumovskaya2020
ER  -