Translartion. Region: Russians Fedetion –
Source: State University Higher School of Economics – State University Higher School of Economics –
© Higher School of Economics
Over the nine years of work of the HSE structural division “Federal Methodological Center for Financial Literacy in the General and Secondary Vocational Education System” more than one and a half million schoolchildren received knowledge in the financial sphere. This was stated by the director of the center, HSE professor Nikolai Berzon, at the All-Russian scientific and practical conference “Formation of financial culture in the context of digitalization: meanings, practices, results”, which was held on April 10 at the HSE.
According to him, more than 100 thousand teachers have completed training under the teacher training program. “We have separate training programs for teaching in elementary, middle and high schools. This year we also made a separate program for students,” said Nikolai Berzon.
To encourage schoolchildren to study the basics of financial literacy, the Financial Literacy Olympiad was created. The winners receive certain preferences when entering universities. “When we held the first Olympiad, about 2.5 thousand people took part in it, in the last one – 42 thousand,” shared Nikolai Berzon.
The conference included an award ceremony for this year’s winner, 11th-grade student Timofey Matsnev. He set a record by scoring 100 points. According to Timofey, we face problems in the area of financial literacy every day, so today everyone needs to be able to protect themselves from fraudsters. “We face financial issues and problems in the area of financial literacy every day. Every day we need to make some decisions related to this, we need to be able to protect ourselves from fraudsters. Therefore, the relevance of studying financial literacy is not decreasing, but, on the contrary, is increasing every day,” he said.
Today, young people are much more advanced than the older generation, and this is evident when comparing the general financial literacy index and the financial literacy of young people, noted Lyudmila Presnyakova, Advisor to the Head of the Service for the Protection of Consumer Rights and Ensuring the Availability of Financial Services of the Bank of Russia.
“Firstly, the financial literacy index of young people is higher than that of the rest of the population, and secondly, it is growing at a faster rate than that of adults. If among adults it increased from 53 to 55 points from 2017 to 2024, which is actually a good growth, which means that the financial literacy of the population as a whole is really changing little by little, then among young people the growth was from 55 to 62 points. Young people not only know technologies better, not only are they quicker to navigate, they demonstrate the very basics of proper financial literacy that we are all working to develop,” she said. Young people behave more consciously in relation to their finances – in particular, they use savings practices more often than adults. And this is a certain challenge for teaching financial literacy. Young people are a complex audience that needs modern examples, “well-pumped teachers,” so the work on training teachers is very important, concluded Lyudmila Presnyakova.
Alexey Yakovlev, Director of the Finance Ministry’s Department of Financial Policy, is convinced that financial literacy needs to be taught “from school.” Children are a more open audience, and many of them are “much better versed” in modern tools than older Russians, he noted.
The conference also announced the ceremonial signing of a cooperation agreement between the Federal Methodological Center for Financial Literacy in the General and Secondary Vocational Education System and the Federal State Budgetary Scientific Institution “Institute of Correctional Pedagogics”. The agreement was signed by Nikolai Berzon and Deputy Director for General Issues of the ICP Anastasia Belikova.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.