FINANCIAL LITERACY OF PRE-PENSION AGE AS A TOOL FOR INCREASING THEIR WELL-BEING

Author(s): Shibarshina O.Y.

Rubric: Economy

DOI: 10.21777/2587-554X-2021-3-22-29

Release: 2021-3 (38)

Pages: 22-29

Keywords: financial literacy, population of pre-retirement age, welfare, well-being, standard of living, social policy, pension reform

Annotation: In the framework of this study, the main barrier to improving the well-being of people of pre-retirement age is the lack of a systematic approach to the use of financial literacy tools of this age category. The object of the study is the socio-economic processes that have causal relationships with the financial literacy of citizens of pre-retirement age. The subject of the study is the system of relations that arise in the process of forming financial literacy of citizens of pre-retirement age. The purpose of this scientific article is the structuring of financial literacy tools for people of pre – retirement age and the development of recommendations for improving their effectiveness. This article analyzes the causal relationships between financial literacy and human well-being, based on statistical data, the influence of the global trend of population aging on economic development is shown. As a result, the authors have developed a structure of recommended tools for improving financial literacy for people of preretirement age as a means of protecting their rights in the field of financial literacy.

Bibliography: Shibarshina O.Y. FINANCIAL LITERACY OF PRE-PENSION AGE AS A TOOL FOR INCREASING THEIR WELL-BEING // Economics and Management. – 2021. – № 3 (38). – С. 22-29. doi: 10.21777/2587-554X-2021-3-22-29