Influence on Financial Literacy of Regional Differences in Income and Activity of Using DFS

DOI

10.2991/aebmr.k.200502.070How to use a DOI?

Keywords

financial literacy, household financial resources, digital financial services

Abstract

The article presents some results of the analysis of the influence of regional differences in incomes and people’s activity in using digital financial services (DFS) on the financial literacy of the population. The authors proceeded from the hypothesis of the approximation of the effect of concentration of financial activity in large federal centers of the Russian Federation on other territories, in particular, the Sverdlovsk region. The main research hypothesis is, that the regular and active use of digital financial services is more essential to 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 based on its results, which increases financial knowledge and strengthens skills. As a goal, the authors pursued the possibility of confirming and verifying the influence of regional differences in income and the activity of using digital financial services on the level of financial literacy of residents of the Sverdlovsk region. The study was carried out by the method of sociological survey on the questionnaires, developed by the authors, based on the methodology of the Central Bank of the Russian Federation and the OECD.

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/).

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TY  - CONF
AU  - E.A. Razumovskaya
AU  - D.Yu. Razumovskiy
PY  - 2020
DA  - 2020/05/05
TI  - Influence on Financial Literacy of Regional Differences in Income and Activity of Using DFS
BT  - Proceedings of the 2nd International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2020)
PB  - Atlantis Press
SP  - 425
EP  - 430
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200502.070
DO  - 10.2991/aebmr.k.200502.070
ID  - Razumovskaya2020
ER  -